PORTUGUESE INDIA. Banco Nacional Ultramarino. 50 Rupias, 1924. P-28s. Specimen. PMG Choice Uncirculated 63.

Printed by TDLR. Elephant at center within column design supporting "Em Nova Goa." At bottom center is arms with the typical Portuguese steam ship at left and seas at right. The reverse displays a ship from the Age of Exploration with full sails. At left and right are intricate designs encasing "50" counters. The border design consists of dark blue ink showcasing intricate lathe work. Just three examples of this specimen variety have been graded by PMG, with this note tied for finest known. PMG comments "Ink, Mounting Residue." PMG Pop 2/None Finer.