Watch List notes:

Brazil. Republica dos Estados Unidos do Brazil. 50 mil reis, ND (1926), Estampa 16A, Series 9A, serial number 042308, blue and multicoloured, P.A da Silva Bernardes at centre flanked by values at centre, reverse green, black 'A CAIXA DE ESTABILISACAO' OVERPRINT, (Pick 109C).Very good.

($100-150)