Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
1 Conto de Réis Caixa de Conversão, 1st. Print
| Issuer | Caixa de Conversão (Conversion Fund), Brazil |
|---|---|
| Year | 1911 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 195 × 120 mm |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Watermark |
| Protection description | Arms of the Republic, visible in the upper central area of the note |
| Variants | Log in to see details |
| Comments |
The Caixa de Conversão was established in 1906 as part of Finance Minister Leopoldo de Bulhões's stabilization program — a currency board mechanism designed to peg the milréis to gold at a fixed rate and restore confidence after years of inflationary disorder following the Encilhamento crisis of the early 1890s. The institution could only issue notes against gold deposits, a strict convertibility rule that gave these notes a fundamentally different character from the Treasury paper circulating alongside them.
Joh. Enschedé en Zonen of Haarlem were among the most technically accomplished security printers in Europe at the time, and their work on this series reflects that. The 1 conto denomination — one million réis — was not everyday pocket money; at that value, these notes moved between banks and commercial houses rather than through ordinary retail trade.
The Caixa de Conversão was suspended in 1914 when gold convertibility became untenable at the outbreak of the First World War.