Watch List notes:

(x) Banco de Portugal, a colour trial 20 escudos, ND (type of 1941), serial number 0000, red and multicoloured, de Menezes at right, head of Liberty top left, also an issued 20 escudos, 28 January 1941, Ch.6, serial number DCD 13515, green and violet, Don Antonio Luiz de Menezes at right, reverse green, arms, (Pick 153ct, 153), the colour trial with mounting at left margin, about uncirculated, the colour trial rare (2).

Estimate: £550 - £650