Watch List notes:

Macau: Banco Nactional Ultramarino, 100 patacas, 1.8.1966, serial number 471382, about uncirculated. A couple of minor folds flattened but the note largely orignal with embossing in the watermark area clearly visible. Very minor toning on edges. Scarce in this grade.

Estimate: HK$10,000 - HK$20,000