Watch List notes:

Republica dos Estado Unidos do Brazil, Caixa de Conversao, 20 mil reis, 1906, serial number F 0550359, Estampa 1, blue print, A Pena at left, signatures low centre, bank building at right, reverse blue, steam train. (Pick 95), pressed and bleached, the original manuscript signatures have faded and re-written using pen, very fine

($200-250)