Brazil Thesouro Nacional 20 Mil Reis ND (1912) Pick 45; 45s Issued Note and Specimen PMG Choice Very Fine 35; Choice Extremely Fine 45 Net. At the time of cataloging, this issued 20 Mil Reis is the finest graded example in the PMG Population Report of only three notes submitted. Its correlating Specimen appears to have begun its life as an issued note, and was transformed to a Specimen after the fact. Repairs and mount remnants are seen along with various cancellations. Underrated and scarce.

HID09801242017

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