Watch List notes:

Brazil. Republica dos Estados Unidos do Brazil. 50 Mil Reis. No date (1908). P-53s. Black on red and multicolor. Auxiliary steamship. Estampa 11A Series A. Olive back. ABNC. Almost Uncirculated. Jumbo top margin. ABNC "RETURN TO ISSUE ROOMÖ" stamp. Always in demand.

($1000-1500)