Currency of Portugal

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1908 ten milreis, photo courtesy Ponterio and Associates
photo courtesy Ponterio and Associates

1908 ten milreis

The first specimen was lot 20224 in Ponterio sale 161 (Chicago, August 2011), where it sold for $1,380. The catalog description[3] noted, "PORTUGAL. Banco De Portugal. 10 Mil Reis, 22.5.1908. P-81. Description: A highly attractive example of this design which shows strong yellows within the under-print and purple and brown within the frame. Well embossed inks attest to the original paper and minimal circulation gives the appeal of an EF note. Scarce this pleasing. Choice Very Fine."

1920 100 escudos

1920 100 escudos, photo courtesy Ponterio and Associates
photo courtesy Ponterio and Associates

The second specimen was lot 5690 in Ponterio sale 152 (New York, January 2010), where it sold for $3,076.25. The catalog description[1] noted, "PORTUGAL. 100 Escudos, 31.8.1920. P-124. These early-dated and higher denomination Banco De Portugal notes are some of the most challenging for the country. This pleasing piece only suffers from one stronger vertical fold but still retains nice color. A few light stains are mentioned and are typical for the type. FINE-VERY FINE."

1924 20 escudos

1924 20 escudos, photo courtesy Ponterio and Associates
photo courtesy Ponterio and Associates

The third specimen was lot 3086 in Ponterio sale 158 (New York, January 2011), where it sold for $3,220. The catalog description[2] noted, "PORTUGAL. Banco De Portugal. 20 Escudos, 6.2.1924. P-122. Attractive 1924 20 Escudos. A great looking example of this scarce large format note. Excellent color and detail are seen throughout. This entire series is underrated and we are sure the interest will be high when this lot crosses the block. A small repair at the lower margin at center is noted for accuracy. Very Fine-Extremely Fine."

1935 20 escudos

1935 20 escudos, photo courtesy Ponterio and Associates
photo courtesy Ponterio and Associates

The fourth specimen was lot 3089 in Ponterio sale 158 (New York, January 2011), where it did not sell. The catalog description[2] noted, "PORTUGAL. Banco De Portugal. 20 Escudos, 13.1.1935. P-135. A scarce and underrated issued 20 Escudos note which shows here with the appeal of a higher grade. Light even circulation along with radiant color and nice centering. Lightly pressed. Choice Very Fine." Tho catalogued as issued in 1935, the overprint clearly states 1925.

1935 20 escudos

1922 500 escudos, photo courtesy Lyn Knight

Unfortunately, we have no further information on this note, sold by Lyn Knight in 2015, which was involved in the Alves fraud which ruined Waterlow and Sons.

Sources:

  • [1]Ponterio, Richard, and Kent Ponterio, Ponterio sale 152: The 2010 NYINC Auction, Irvine, CA: Bowers and Merena, 2009.
  • [2]Ponterio, Richard, and Kent Ponterio, Ponterio sale 158: The 2011 N.Y.I.N.C. Auction, Irvine: Bowers and Merena, 2010.
  • [3]Ponterio, Rick, et al., Ponterio sale 161: The Chicago ANA Auction, Irvine, CA: Stack's-Bowers, LLC, 2011.

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