Watch List notes:

Macau: Banco Nacional Ultramarino, 100 patacas, 22.7.1919, serial number 21870, brown on multicolour underprint, ship seal at right, arms at top left, steam ship at upper centre left,(Pick 9), PMG 30 Very Fine (Annotations). The highest graded note in the PMG population report and in nice original condition. Extremely rare..

Estimate: $110,000.00 - $130,000.00