Watch List notes:

Banco de Portugal, Azores, 2500 reis, 30 July 1909, serial number CJ 05212, grey, pale blue and pale orange, Afonso de Albuquerque at right, red ACORES diagonally across top right, Sousa and Bastos signatures, reverse brown and pale blue, Mercury at left, arms at centre(Pick 8, TBB B113), repaired, good and scarce.

Estimate: £150.00 - £200.00