Watch List notes:

(x) Banco de Portugal, 5 escudos, 13 January 1925, Ch.2, serial number AHJ 16071, purple on multicolour underprint, portrait J das Regras in ornate frame at centre left, bank title top centre, OURO in field low right, reverse, guilloche pattern at centre, Convento da Batalha at centre right, arms top right, (Pick 120), about extremely fine.

Estimate: £300 - £500