Watch List notes:

(x) Banco de Portugal, 10 mil reis, 30 September 1910, Ch.4, serial number 1M 05972, black on pale tan underprint, five men in field representing the Arts and Literature, red bank seal low right, reverse green and pink, allegorical woman at left and helmeted woman at right, REPUBLICA overprint in field, (Pick 108), about very fine.

Estimate: £300 - £450