Watch List notes:

(x) Portugal, Banco de Portugal, 500 Escudos, 17.11.1922, Ch.2, serial number 1M 02287, purple and black on tan, Vasco da Gama at left, sailing ships at right, reverse purple, arms at centre,(Pick 130), in PCGS holder 20 Very Fine, multiple repairs to the border, a scarce high denomination note.

Estimate: £800 - £1000