Watch List notes:

(x) Banco de Portugal, 5 Mil Reis, 30 December 1909, serial number JG 19105, black on blue and multicolour underprint, portrait Marquez de Pombal at left, reverse arms at centre, woman seated at right, (Pick 104), in PMG holder 35 EPQ Choice Very Fine, a pleasing design, scarce.

Estimate: £350.00 - £450.00