1 Mil Réis Thesouro Nacional, 7th print

Brazil's Thesouro Nacional issued this note in the final year of the Empire — Dom Pedro II would be deposed in November 1889, making the 1888 seventh-print series among the last to carry Imperial authority. The timing is not incidental: 1888 was also the year the Lei Áurea abolished slavery, a shock to the agrarian economy that accelerated capital flight and strained the Treasury's ability to manage its note obligations.

The American Bank Note Company had held the Brazilian government contract for decades by this point, and the intaglio quality on seventh-print examples is consistent with ABNC's mature production standards of the period. Paper deterioration along fold lines is a known weakness in this series — the stock did not age as cleanly as earlier prints.