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Auction: 15019 - Bonds and Share Certificates of the World
Lot: 524

Brazil: Banco do Brasil, Carteira de Colonizacao, 5% bond for 5000 cruzeiros, Rio de Janeiro 1957, ornate border of agricultural scenes, red and black, with coupons, near extremely fine.

Despite the value of these bonds being wiped out by inflation there has been much arguement about the value and interest. This lot comes with a letter dated 1998, assessing the value to be 788 reis. This is also the top denomination of this issue, the others being 100, 200, 500 and 1,000 cruzeiros.

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Sold for
£40