Watch List notes:

Portugal - Republic - 20 expl. 2$50, 5$00 1932-1951 AR. 2$50 1932, 1940 (2), 1942, 1943, 1944, 1947, 1948, 1951; 5$00 1932, 1933 (2), 1934, 1940, 1942, 1946, 1947 (2), 1948, 1951. KM 580, 581. BC a MBC-
F to Almost VF

Estimate: 50-70 EUR