TIMOR. Banco Nacional Ultramarino. 25 Patacas, 1945. P-20s. Specimen. PMG Choice Uncirculated 63.
Printed by W&S. Red specimen overprint with five hole punch cancellations. Just four examples are listed on PMG's Pop Report for this specimen variety. Scarce. PMG comments "Previously Mounted."
Estimate: $1000 - $2000