Catalog
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| Issuer | Thesouro Nacional do Brasil |
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| Year | 1921 |
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| Printer | Casa da Moeda do Brasil, Brazil |
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| Obverse description | Blue on yellow woodcut-style print. A central oval vignette carries a portrait of David Moretzsohn Campista (1863–1911), framed by the note's principal inscriptions. A diagonal manuscript flourish — the anonymous conference signature of the responsible official — crosses the body of the note. |
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| Reverse description | Blue on yellow woodcut-style print. The central panel carries the multiline inscription REPUBLICA / DOS / ESTADOS UNIDOS / DO / BRASIL in bold lettering, flanked on both sides by the Arabic numeral 1. |
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| Comments |
The "12th Print" designation reflects Casa da Moeda's practice of issuing successive runs under the same authorizing legislation rather than designing new notes — a fiscal convenience that kept printing costs down during the chronic budget pressures of Brazil's First Republic. By 1921, the Thesouro Nacional series had been circulating in essentially this form for years, wearing heavily in the hands of a population for whom the mil réis was everyday small change.
Casa da Moeda's domestic production meant the entire lifecycle — plate, press, distribution, destruction — stayed in Rio de Janeiro, unusual for a Latin American issuer of this period still dependent on European printers for prestige denominations.