Watch List notes:

Timor, 5 patacas overprint on the Macau issue, c.1933, serial number 073033, green on yellow, steamship at lower left, junk boat lower right, reverse green, Mercury at centre,(Pick 6), This note is currently with PMG, we will update the grades on Spink Live in due course. A nice original exmaple of this type.

Estimate: 5000 - 10000