BRAZIL. Banco do Brazil. 50 Mil Reis, ND (1890). P-S533s. Specimen. PMG Choice Uncirculated 64 Net. Previously Mounted.Specimen. Printed by Waterlow & Sons. Perhaps one of the most beautiful pieces in the catalog of Brazilian banknotes. Vignette of woman at left of center flanked by two allegorical figures. Punch cancellations found at the signature panels. PMG mentions Previously Mounted in the comments section, but that is typical of W & S Specimens of this nature. One of only two pieces graded by PMG, the other being of only VF quality.