Brazil is the fifth largest country in the world. It was a colony of Portugal from 1500 until 1815.Brazil was the second country in the world, after Great Britain, to issue postage stamps valid within the entire country (as opposed to a local issue). Like Great Britain’s first stamps, the design does not include the country name. The first stamps of Brazil were issued on 1 August 1843 and are known as “Bull’s Eyes” due to their distinctive appearance. The Bull’s Eye (Portuguese Olho-de-boi) postage stamps are having face values of 30, 60, and 90 réis. Todays stamp is a mint copy of the 60 réis issue. Catalog value is 600 $.