BRAZIL. Thesouro Nacional. 20 Mil Reis, ND (1892). P-40. PMG Choice Fine 15. One of just two issued notes in the PMG population report of this scarce 20 Mil Reis, with this by far the finer of the two. Estampa 8a and issued in the early 1890s (Pick states an issue date of 1892, while the Brazilian catalog mentions 1890. Archival records confirm that the notes were delivered to the bank in March of 1890). A search of our auction archive reveals only a specimen of this type having been sold by us previously. Several rusty paperclips are seen along the bottom margin but are well hidden and the rust has not eaten into the paper. A rare opportunity for the Brazilian specialist to acquire an issued example of this type. PMG Comments "Rust."
