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Auction: CSS45 - Banknotes, Bonds & Shares and Coins of China and Hong Kong
Lot: 2278

Macau, Banco Nacional Ultramarino, 1 avo, archival photgraph of the obverse and reverse, series of 1952, arms lower centre,
(Pick 39b for similar), almost uncirculated. Printed notes have not been seen by the cataloguer and exceedingly rare if they exist at all. The only way to own an image of this type note (1 pair)

Estimate
HK$3,000 to HK$4,500