Watch List notes:

Brazil (Rio mint), 4000 reis, Pedro I, 1824-R, encapsulated NGC MS 63, tied for finest known in NGC census. Russo-594; KM-369.1. Highly lustrous, with nearly flawlessly detailed bust (just a little weakness on the reverse), a superb example of this scarce issue under the newly created Brazilian empire. Pedigreed to the New England Collection.

Estimate: $2500 - 3750