BRAZIL. Republica Dos Estados Unidos Do Brazil. 200 Mil Reis, ND (1916). P-78a.
E.13A. A very scarce early 200 Mil Reis design that seldom appears in any grade. This particular design showcases terrific watermarking in a portrait at left and denomination at lower right. PMG mentions "Tear," in the comments section of the holder which is seen at the lower center of the note. PMG Very Fine 20.
Estimate: $1200.00- $1600.00