Watch List notes:

Brazil. Republica dos Estados Unidos do Brazil. 200 Mil Reis. No date (1908). P-76s. Black on multicolor. Woman reads to child. Green back. Estampa 11A. Series A. Jumbo top margin with registration marks and a handwritten notation "Öto office May 18 - 1912." 00000 twice, SPECIMEN twice, in red. Almost Uncirculated. The paper has some small bends, but no hard folds. A wonderful layout.

($400-600)