Watch List notes:

Banco de Portugal, 500 escudos, 17 November 1922, Ch 2, red serial number 04430, purple, pale yellow and green, Vasco de Gama at left, galleons right centre, reverse purple, arms at centre, value at left and right(Pick 130), some staining, pressed, probable repair in top margin thus fine, still retaining strong paper quality, a very presentable example..

Estimate: £2,000 - £2,500