Watch List notes:

Brazil. Republica dos Estados Unidos do Brazil. 200 Mil Reis. No date (1919). P-79s. Blue on multicolor. Portrait of Barros. Estampa 14A. Series 12A. 00000 twice in red. SPECIMEN twice in red. Red-orange back. ABNC. Almost Uncirculated. The paper has some small bends, but no hard folds.

($250-350)