Watch List notes:

BRAZIL: Republic, 500 reis, ND (1940), KM-L4, Colonia Santa Teresa Leper colony brass token, PCGS graded MS63, ex Shawn Hamilton Collection, Stacks Bowers ANA Auction 2018, Lot 22206 (part). On 29 July 1936, the foundation stone of the Colonia Santa Teresa Leprosarium was laid. It was located 24km from the state capital of Florianópolis. The initial capacity was to be 300 beds. The Colony was inaugurated in March 1940 in the presence of Getúlio Vargas, President of the Brazilian Republic.

Estimate: 250-350 USD