Watch List notes:

(x) Portugal, Banco de Portugal, 5 escudos, specimen/proof, without date (1924) or serial numbers, black, orange and blue, allegorical female figure with child at left, and another with a scythe at right, reverse blue and pink Palacio da Bolsa at centre, a single hole punch cancellation,(Pick 132pr), in PCGS holder 40 Extremely Fine, perforated CANCELLED, ink spot, rare in any form.

Estimate: £800 - £1000