Watch List notes:

Brazil, 5000 reis, Pedro II, 1856, encapsulated NGC MS 64, finest known in NGC census. Russo-639; KM-470. Very scarce denomination and type to find in this condition, much scarcer than the 10000 and 20000 reis from the same series, which for this denomination ran for only six years (1854-59), this specimen with hints of red toning over bright original luster, minimal bagmarks. Pedigreed to the New England Collection.

Estimate: $800 - 1200