Watch List notes:

(x) Portugal, Banco de Portugal, control number specimen 50 escudos, 6.2.1922, serial number range 1 DP 10001-20000, blue and pale orange and lilac, Victory at left, arms top centre, cherub low right, ink date '2.12.25', reverse purple and green, maiden and lions low right, value in field, perforated 'CANCELLED',(Pick 128s), in PCGS holder 58 Choice About New, mounting traces, rare.

Estimate: £1800 - £2400