Watch List notes:

Brazil, 20000 reis, Pedro II, 1853, encapsulated NGC MS 65, finest known in NGC census by two grades. Russo-673; KM-468. Flashy luster and perfect strike, the best of 38 coins currently in the NGC census, just a few tiny bagmarks. Pedigreed to the New England Collection.

Estimate: $1750 - 2500