Watch List notes:

(g) Brazil, Empire, Pedro II (1831-89), 20,000-Reis, 1853, older beared head left, rev. crowned arms within wreath (F.121a; KM.468), about extremely fine.
provenance
Douro cargo, Spink auction 118, 20 November 1996, lot 155
Estimate: £500.00 - £600.00