Auction Name: 2026 March 26 World Paper Money Signature® Auction

Lot Number: 24012

Shortcut to Lot: HA.com/4058*24012

Angola Banco Nacional Ultramarino 20 Mil Reis 1.3.1909 Pick 35 PMG Very Fine 25.
An impressive and very rare high denomination from Angola's Reis series of 1909. This example features the first seal variety. At the time of writing, this is one of only four examples graded in the PMG Population Report. In fact, this denomination is virtually unseen in any format. A small notation and a few splits are mentioned for accuracy.

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