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1 Conto de Réis Caixa de Estabilização, 1st. Print

Issuer Caixa de Estabilização do Brasil
Year 1927
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Value 1 000 000 Réis (Um Conto de Réis) (1 000 000)
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Obverse lettering 1000 1000 REPUBLICA DOS ESTADOS UNIDOS DO BRASIL 1000 1000 A CAIXA DE ESTABILIZAÇÃO PAGARÁ AO PORTADOR, Á VISTA, NO RIO DE JANEIRO, EM OURO CONFORME A LEI N.5108, DE 18 DE DEZEMBRO DE 1926, A QUANTIA DE 1000 1000 UM CONTO DE REIS VALOR RECEBIDO EM OURO 1000 1000 AMERICAN BANK NOTE COMPANY.
(Translation: Republic of the United States of Brazil The Stabilization Fund will pay to the carrier, In sight, In Rio de Janeiro, in gold according to law N.5108, of December 18, 1926, the amount of One Million of Réis Amount Received in gold American Bank Note Company.)
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Reverse lettering REPUBLICA DOS ESTADOS UNIDOS DO BRASIL 1000 1000 AMERICAN BANK NOTE COMPANY
(Translation: Republic of United States of Brazil American Bank Note Company)
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Comments

The Caixa de Estabilização was a currency board created in 1926 under President Washington Luís to peg the milréis to gold at a fixed rate — a stabilization experiment that lasted barely four years before the 1930 revolution dismantled it entirely. This 1 Conto de Réis note was part of the first and only print run the institution commissioned from the ABNC in New York.

Sukeichi Oyama's involvement is the detail worth noting: one of very few Japanese-born engravers working for the ABNC in that period, he was responsible for some of the finest intaglio work the company produced in the 1920s. The reverse design derives from a painting by Victor Meirelles, the 19th-century Brazilian academic painter best known for his large-format historical canvases.

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