Watch List notes:

BRAZIL: AR 960 reis (26.73g), 1955, KM-CC8, for the Sanpex 2nd convention, 26-31 January 1955, in the city of Santos: fish // sailing ship, countermarked on 960 reis dated 1813 (KM-307), Unc on choice AU host, RR.

Estimate: 150-200 USD