Watch List notes:

Macau: Banco Nacional Ultramarino, 5 patacas, 1924, low serial number 000009, (Pick 8), on the whole about very fine. The obverse heavily discoloured due to the previous cancellation stamp being removed. A low serial number note of a scarce issue nonetheless. No returns accepted for this lot. ..

Estimate: $5,000.00 - $8,000.00