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Auction: 14010 - Fine Coins, Banknotes, Bonds and Share Certificates of China and Hong Kong
Lot: 1287

Banco Nacional Ultramarino, Macao, specimen 25 patacas, 20 April 1948, serial number 000000, brown, lilac, green and pale blue, steamship low centre, Luis de Camoes at right, value at centre and at each corner, reverse brown and lilac, maiden and shipping through the ages at centre, arms at left
(Pick 39s, Lu M46s) ink date '30.6.48' in top margin, red ESPECIME overprint, small cancellation holes, in PCGS holder 45, extremely fine, PPQ, rare

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Estimate
HK$4,500 to HK$6,500