Watch List notes:

Banco de Portugal, 2 Escudos 50 Centavos (2), 17th November 1922, 18th November 1925, prefixes, 1EB, 1TN, 2CZ, (Pick 127a, b) foxing on first two notes, very fine, pinholes at left and right top corner, some foxing, about extremely fine (3).

Estimate: £80 - £100