Watch List notes:

Banco do Brazil, specimen 50000 Reis, ND (1856), uniface, black and grey on cream paper, allegorical figure holding Brazilian flag, harbour scene in background, intricate border and panels at left and right,(Pick S278 for type), in ICG holder number 45*, extremely fine, slight damage to counterfoil at left, pleasing and rare. Subject to 20% VAT on Buyerís Premium. For more information please view Terms and Conditions for Buyers.
(Estimate: $1600-2000)