Watch List notes:

Macau: Banco Nacional Ultramarino, Macau, group of 8 uncut pair progressive proofs of the 10 Patacas with 3 decrees at upper left (P.59p for type), some with underprint colors only and one finished pair without signatures, Condition: UNC. Very nice set! (8 pcs.uncut pair)
[taxed under margin system]