Watch List notes:

(x) Portugal, Banco de Portugal, 100 escudos, 21.2.1935, serial number LV 08949, Ch.5, blue-green and brown, J. Pinto Ribeiro at left, arms upper centre, reverse red brown, monument for Restoration of Independence at centre, also 500 escudos, 26.4.1938, serial number S07686, Ch.6, brown on green and gold, Infante Don Henriques at right,(Pick 150 and 151), the 100 escudos about fine and the 500 escudos World Banknote Grading 25 Very Fine (2).

Estimate: £300 - £400