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Auction: CSS28 - Banknotes, Bonds & Shares and Coins of China and Hong Kong
Lot: 1450

Macau, Banco Nacional Ultramarino, 5x 100 patacas, 1952, each with a different signature combination, Manuel de Arriaga at right, reverse shows the arms and "Portas do Cerco" arch, consists of 5 different signatures out of 7 signature varieties (using the K.N. Boon Catalogue as reference),
(Pick 44a), PMG 35 for signature 1, PMG 25 for signature 4, PMG 30 for signature 5, PCGS 35 Details for signature 6 and PMG 40NET for signature 7 (5).

Estimate
HK$55,000 to HK$60,000