Watch List notes:

Brazil. Banco do Brazil. 200 Mil Reis. 1923. P-121s. Black on multicolor. Portrait of Don Pedro II. Estampa 1A. Series 11A. 00000 twice in red. SPECIMEN twice in red. Black back. ABNC. Almost Uncirculated. There is a piece missing from the jumbo top margin, and a staple in the same margin. A light fold barely affects one corner.

($300-500)