PORTUGAL. Banco de Portugal. 100 Escudos, 1918-20. P-116. PMG Very Fine 30 Net. Repaired.
Watermark of man's head. Dated Fevereiro 5, 1920. Portrait of Pedro Alvares Cabral at bottom center. Detailed design of Indians watching ships from the Age of Exploration. One the reverse is a colorful border design, with a central vignette of Pedro Alvares Cabral returning to Lisbon in July of 1501. This is one of just four examples graded by PMG for this elusive catalog number. PMG comments "Repaired."
Estimate: $2600 - $3400