Watch List notes:

(x) Portugal, Banco de Portugal, 50 escudos, obverse and reverse composite essay, 23.4.1953, serial number B 00000, Chapa 7, blue on multicoloured underprint, portrait of Fontes Pereira de Melo at right, value in each corner, reverse statue "The Thinker" at left, arms at top centre, without signatures,(Pick 160 for type), in PCGS holder 61 New/65 PPQ Gem New (2).

Estimate: £300 - £400