PORTUGAL. Banco de Portugal. 100 Mil Reis, ND (1916). P-111. PMG Very Fine 30.
A detailed design of Pedro Alvares Cabral returning to Lisbon stands out on the obverse of the note, with the reverse of the note displaying intricate lathe work. "Republica" overprint in black on the top reverse side. Scarce, and sure to excite collectors of Portuguese notes. PMG comments "Minor Rust, Pinholes."
Estimate: $1500 - $2000