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1 Conto de Réis Banco do Brasil, 1st. print

Issuer Banco do Brasil
Year 1923
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Currency Real (1799-1942)
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Obverse description Polychrome intaglio and lithographic note with a left-side oval vignette bearing the bust portrait of Dom Pedro I (Pedro de Alcântara, 1798–1834), Emperor of Brazil. The central field carries the denomination in numerals within decorative guilloche panels, with the issuing authority and statutory text rendered in letterpress. The imprint of the American Bank Note Company appears at the lower margin.
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Reverse lettering 1000 BANCO DO BRASIL 1000 AMERICAN BANK NOTE COMPANY
(Translation: Bank of Brazil — American Bank Note Company)
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Comments

The 1 Conto de Réis was the highest denomination in Banco do Brasil's 1923 series — one conto being 1,000,000 réis, a unit of account so large it was almost never encountered in everyday transactions. Notes of this value moved between institutions and wealthy merchants, not through ordinary hands, which partly accounts for their survival rate being deceptively misleading: low circulation does not always mean low wear when the few who handled them were not careful.

The American Bank Note Company had supplied Brazilian currency printing for decades by this point, a relationship that outlasted several Brazilian monetary reforms. This being the first print run of the type, subsequent issues can be distinguished by subtle plate and serial number differences documented in the Pick sequence.

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