Watch List notes:

(x) Banco de Portugal, 5 Mil Reis, 9 July 1907, Ch.6, serial number JJ 11121, blue and pale lilac brown, vignette of maiden (Portugal) and river gods in oval at upper centre, value in guilloche at left and in each corner, reverse coat of arms at upper centre, value in ornate guilloche at right, (Pick 83), repaired, fine in appearance, scuffed and scarce.

Estimate: £300 - £500