Watch List notes:

(x) Portugal, Banco de Portugal, 20 escudos, 13.1.1925, serial number 1VM 11209, red and pale green, Commercio Square at centre, the Marquis de Pombal top centre, reverse red and pale yellow, arms at centre, value at each corner(Pick 135), in PCGS holder 30 Very Fine and scarce.

Estimate: £450 - £600