Watch List notes:

(x) Banco de Portugal, 20 escudos, 7 June 1920, Ch. 2, serial number 1 DP 19571, blue and pale green and pink, Joao de Castro at left, reverse blue and purple, buildings and arms, (Pick 118), in PMG holder 30 Very Fine, nonetheless scarce in this grade.

Estimate: £700 - £1,200