Watch List notes:

Portugal - Republic - 18 expl. 2$50 1932-1951 AR. 2$50 1932 (2), 1933, 1940 (2), 1942, 1943 (2), 1944 (2), 1945 (2), 1946 (2), 1947, 1948, 1951 (2). Gomes vários, KM 580. MBC- a BELA
Almost VF to EF

Estimate: 60-80 EUR