Watch List notes:

(x) Banco de Portugal, a printer's archival specimen 20 Escudos, 7 July 1920, serial number 1B 00001-1B 20000, blue, brown, pale green and pink, portrait of D. Joao de Castro at left, reverse slate blue, purple and orange, the palace at Sintra at centre, arms in ornate guilloche at right, (Pick 118s), in PMG holder 30 Very Fine, printer's annotations, previously mounted, only one note in a higher grade on PMG Census, rare and attractive.

Estimate: £400 - £600