Watch List notes:

Brazil: Nice group with 3 banknotes comprising República dos Estados Unidos do Brasil 5 Mil Reis 1922 P.27 (F+) and 20 Mil Reis ND(1931) P.48d (F+) and Banco do Brasil 20 Mil Reis 1928 P.116 in about F condition. Great lot. (3 pcs.)
[taxed under margin system]