Banco de Portugal, 50 Escudos, 18 November 1932, serial number LD 14773, original paper, pinhole at centre, good fine to about very fine, scarce Pick 146
£300-£400
796
Banco de Portugal, specimen proof 5 Mil Reis, ND (1911) on unwatermarked paper, no serial numbers, no signatures, perforated SPECIMEN, about uncirculated and an excessively rare unissued note being the design for Pick 114 in the value of 5000 Reis rather than 5 Escudos and referred to on page 188 of Volume II of “O Papel-Moeda Em Portugal” and one of only two copies on unwatermarked paper believed known, an important discovery and excessively rare Pick Unlisted
£1,600-£2,000 www.dnw.co.uk All lots are illustrated on our website and are subject to buyers’ premium at 24% (+VAT where applicable)