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Auction: 17008 - World Banknotes
Lot: 2314

Banco Nacional Ultramarino, Timor, $25, 1 January 1907, serial number 20452, red and green, arms at centre, crowned arms of Portugal top left, value top left and right and at centre, reverse red and black, arms at centre, value at left and right, printed on unwatermarked banknote paper by Barclay & Fry, London, black 'PAGAVEL EM TIMOR' overprint at low centre

(Pick 11), heavily repaired, some foxing, few pinholes, strong printing, relatively clean paper, an exceptionally rare note.

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Sold for
£7,000