Watch List notes:

Banco de Portugal 100 mil reis, 3 October 1909, serial number 17602.Z blue, allegorical figures at left and right, arms at low centre, bank title at top centre, reverse blue and grey, coat of arms at centre flanked by circular pattern framing watermark(Pick 78) heavy central fold, some minor repairs, fine and rare, a lovely note.

Estimate: £1,800 - £2,200