Brazil
Republic silver "SANPEX" Commemorative Bar 1949 AU, cf. Unusual Word Coins, pg. 66, Type IV. 89mm, 91.16gm. Stamped "SANPEX" within fish and "C.F.N.S" to one side, with a number of other stamps, including "N 222" on the other side. Some scratches and marks are noted.
https://coins.ha.com/itm/brazil/brazil-republic-silver-sanpex-commemorative-bar-1949-au-/a/61181-97112.s?type=CoinArchives61181
HID02906262019
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Estimate: 200-300 USD