TIMOR. Banco Nacional Ultramarino. 20 Patacas, 1.1.1910. P-4. PMG

TIMOR. Banco Nacional Ultramarino. 20 Patacas, 1.1.1910. P-4. PMG Extremely Fine 40. The highest denomination of this underrated series with clear signatures and clean paper. Very pleasing appearance. The SINGLE SECOND HIGHEST graded note in the PMG census and surpassed by just one note in 45. Rare in this grade. Estimate: $1,000 - $1,500. 1910年帝汶大西洋國海外匯理銀行貳拾圓。 此系列最為人所低估之高面額票，簽名清晰，紙面乾淨。外觀極為悅目。在PMG評級記錄中為唯一亞軍分，僅屈居一枚45分之下。此等級存世甚稀。

Estimate:£378.37

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