Watch List notes:

Portugal - Republic - 8 expl. 2$50 1940-1951 AR. 2$50 1940, 1942, 1943, 1944, 1945, 1946, 1947, 1951. Gomes 30.04, .05, .06, .07, .08, .09, .10, .12. BELA a SOB
EF to UNC

Estimate: 40-60 EUR