Wikipedia:

Bull's Eye

(postage stamp)
Bull's Eye
(Olho-de-Boi)
Ochsenaugen-Brasilien.jpg
Country of production Brazil
Location of production Rio de Janeiro
Date of production 1 August 1843
Nature of rarity Limited number
Estimated existence Unknown
Face value 30, 60 and 90 Réis
Estimated value between US$ 5,000.00 and
US$ 400.00 (RHM - 2004)

The Bull's Eye (Portuguese Olho-de-boi) postage stamps were a set of three stamps issued by Brazil on 1 August, 1843. The three stamps with face values of 30, 60, and 90 réis were the second set of adhesive stamps issued in the world, after the Penny Black and Two pence Blue, to be issued by a country (not just a local issue). Like Great Britain the design does not include the country name.

The unusual name derives from the ornamental value figures inside the oval settings and the arrangement of the stamps in the sheet permitted se-tenant pairs that looked like a pair of bull's eyes. The unusual naming of Brazilian stamps continued with the later issues of smaller, but rectangular design, were nicknamed snake's eyes, and the smaller but similar design to the Bull's Eyes were called goat's eyes (blue colour) and cat's eyes (black colour).

There were 1,148,994 30 Réis stamps impressed, 1,502,142 of the 60 Réis value and just 349,182 of the 90 Réis stamp.

The current catalogue values, based on the Brazilian RHM Catalogue (2004) are:

Stamp Mint Used
30 Réis US$ 5,000 US$   750
60 Réis US$ 2,000 US$   400
90 Réis US$ 5,000 US$ 1,600

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