Watch List notes:

Brazil (Bahia mint), 4000 reis, Pedro II, 1698/7, encapsulated NGC MS 61, finest known in NGC census by EIGHT grades. Russo-unl. (cf. 26); KM-unl. (cf. 89). Extremely rare grade for this very early type, way above the next-best specimen on record, truly a superb example with full glowing mint brilliance and exceptionally sharp details (in fact worthy of an even higher number, in our opinion). The 8/7 overdate, which is not listed in Russo, is very clear but not mentioned inside the slab. Pedigreed to the New England Collection.

Estimate: $2500 - 3750