PORTUGAL. Banco de Portugal. 50 Escudos, 1932. P-146. PMG About Uncirculated 53.Printed by TDLR. Watermark of mans head. PMG has encapsulated eight examples of this pick number at the time of cataloging, with this note being top pop by a wide margin, with no others found above the Choice Very Fine grade level. PMG Pop 1/None Finer.