Watch List notes:

Brazil (Empire), Banco Commercial e Agricola uniface certificate for 500 mil reis (1858-1862), redeemed by the Banco do Brazil, serial number 3113, very rare (6 to 9 known). Pick-S416. 7-3/4" x 5". Like the previous items, this was cut from a larger piece and redeemed by matching up the margin (on the left in this case), with printing and signatures on front, handwriting on back, very soft and stained near bottom but not torn or folded.

Estimate: $7000