Watch List notes:

Macau, Banco Nacional Ultramarino, 500 patacas, 1945, specimen, serial number 000000, handwritten control number 1, dark brown and multicolour underprint, temple at right, arms at left, red 'SPECIMEN' at centre,(Pick 34s), small punched holes, PMG 63 choice uncirculated, minor stains, scarce..

Estimate: $50,000.00 - $80,000.00