Watch List notes:

(x) Portugal, Banco de Portugal, 5 escudos, 26.3.1918, serial number TX 11448, purple on light blue underprint, seated maiden at left, A. Herculano at top centre, watermark of Minerva at lower right,(Pick 114), in PMG holder 35 NET, Choice Very Fine, Repaired..

Estimate: £300 - £400