British and World Banknotes

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