Watch List notes:

Brazil. Republica dos Estados Unidos do Brazil. 20 Mil Reis. No date (1943). P-136p. Blue on multicolor uniface front Proof, India paper on card, with Portrait of Manuel Deodoro do Fonseca. Rose uniface back Proof, India paper on card, with allegory of the Republic. ABNC. Choice to Gem Uncirculated.

($300-500)