Watch List notes:

Brazil (Empire), National Treasury uniface certificate for 20 mil reis, allegory of discovery of Brazil at upper center, (estampa 3), series 2 (ca. 1850), serial number 35989. Pick-A223. 7-3/4" x 4-1/4". Cut from a larger piece and redeemed by matching up the left margin, with blue printing and black signatures on front only, very soft and somewhat folded but no tears or stains.

Estimate: $600