Watch List notes:

(x) Portugal, Banco de Portugal, 1000 escudos, 18.11.1932, serial number AK 02651, Ch.5, green and purple on multicolour, C. de Castelo-Melhor at left, National Palace at centre, watermark of a helmeted head at right, reverse brown, castle on island at centre,(Pick 148), PMG 35 NET, repaired, foreign substance. Choice Very Fine. A rare high denomination note.

Estimate: £2000 - £2500