Watch List notes:

(x) Portugal, Banco de Portugal, colour trial specimen/proof 1000 escudos, without date (1922) or serial numbers, brownish purple and green on multicoloured underprint, portrait of Antonio Feliciano Castilho at centre, arms at right, cherubs at upper left and right, reverse blue and brownish purple on pink and multicoloured underprint, two allegorical women with lyre and torch at centre, two punch holes, handwritten 'Approvado 15 Mais de 1922' and handgsigned, presumably by a bank official.(Pick 131ct), in PCGS holder 53 About New, including printer's official envelope and typed 'Approved, London, 15/5/22'. The issued note is of a different colour to this and it is unclear why this colour was not adopted despite being officially endorsed. Unique and of great collecting interest.

Estimate: £5000 - £7000