Watch List notes:

Brazil, 10000 reis, 1916, encapsulated NGC MS 64, finest known in NGC census. Russo-707; KM-496. Prooflike specimen with frosty details and mirrorlike luster on both sides, best specimen on record of a fairly low-mintage issue, of which many were melted. Pedigreed to the New England Collection.

Estimate: $4000 - 6000