World Banknotes

Banco de Portugal, one design and one example of watermarked paper for the printing of 20 Reis/Escudo notes, date unclear but likely very early 20th century, the design drawn in pencil and ink on paper with an entirely different watermark reading ‘Almasso Prado’, actual watermarked paper with specimen perforation, first very fine, second extremely fine, probably unique and interesting (2 notes)
Pick number unclear £260-£320