Watch List notes:

Banco Nacional Ultramarino, Macau, WWII 50 patacas, 5 February 1944, serial number 00786, olive, brown underprint at centre, printed and stamped signatures,, (Pick 25, TBB B025, Schwan-Boling 174), in PMG holder, repaired, pieces added, 20 NET Very Fine. Very rare and a classic Macau note.

Estimate: £900 - £1200