World Banknotes

Banco Nacional Ultramarino, Macau, watermarked papers (2) as used for the 100 Patacas of 1950 and 1952, the first used by Waterlow and Sons, the second by Thomas De La Rue, each with very different sized coats of arms, glued into blue card frames, ink annotations on paper, as produced, extremely rare and indeed likely unique, as the first is the only example in the Portals Archive (2 papers)
BNB B040, B041, Pick 39A, 44, 51 for types £300-£400

These papers are directly from the Portals Paper archive.