Watch List notes:

(x) Banco de Portugal, a printers archival obverse colour trial/proof 2 and 1/2 escudos, ND (1920), red and green, D.Nuno Alvarez Pereira at right, arms at centre, (Pick 119cts), small nicks at upper right boarder, otherwise extremely fine, a striking and rare colour trial.

Estimate: £200 - £300