Watch List notes:

100 Mil Reis 1909 Specimen P. 65s with red "Specimen" overprint at lower border, zero serial numbers and hole cancellation. The upper border still has the sheet border piece uncut on top with additional stampings of the printing works. This border piece shows some creasing but not into the note. The note shows great embossing, beautiful design, crisp paper and bright colors. Very seldom seen on the banknotes market. Condition: XF+ to aUNC.