Watch List notes:

Brazil (Minas mint), gold 1/2 dobrao (10000 reis), Joao V, 1727-M, NGC MS 63. Gomes-37.04; Russo-247. Bold strike with faint reddish toning over muted luster, adjustment marks on cross and evidence of die-clashing in legends, second finest in NGC census behind a single MS 64. As mentioned in the previous lot, technically this denomination was to be circulated at a value of 12000 reis. NGC #3725344-009.

Estimate: $4000-6000