Watch List notes:

Paper Money - Portugal 3 expl. 50 Centavos ch. 1 1918 PAPEL. 50 Centavos ch. 1, 5 Jul 1918 (3). Governador: Inocêncio Camacho Rodrigues; Director: Chancelas diferentes. 12,1x7,4 cm. P 112b. BC a MBC-
Fine to Almost Very Fine

Estimate: 40-50 EUR