Watch List notes:

Republica Dos Estados Unidos Do Brasil - No Thesouro Nacional Specimen Color Trial Proof. Brazil, ND (1944), 2 Cruzeiros, w/o Estampa (1A), P-133, Unlisted Color Trial Proof printed in orange without underprint instead of issued blue on m/c, Portrait of Duque De Caxias at center, Printed on india paper with large margins with plate # "85642" on top, AU condition with one light fold near lower left corner keeping this note from Choice Uncirculated, Rare note in any condition and first time seen as color trial by cataloger. ABNC.

Estimate: 350 - 700