Watch List notes:

BANKNOTEN. Brasilien. Republica dos Estados Unidos do Brazil. Thesouro Do Estado S. Paulo Brazil. 100 Mil Reis 1932, 14. Juli. Specimen. Bond of Treasury. In Perforation ESPECIMEN W.J.C. Pick S875s. Sehr selten / Very rare. PMG 67 Superb Gem Unc. I / Uncirculated.
(~€ 1'010/USD 1'130)