Watch List notes:

Macau: Banco Nacional Ultramarino, 5 patacas, specimen, 1.1.1924, serial number 000000, green and orange, steamship lower left and junk boat at lower right, Mercury on reverse, SPECIMEN overprinted in red, hole punch cancelled,(Pick 8s), PMG 45 Choice Extremely Fine and scarce.

Estimate: $15,000.00 - $20,000.00