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1 Real

Issuer Confederación Argentina
Year 1853-1854
Type Local banknote
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Obverse description The note is framed by an elaborate floral and scrollwork border with numeral "1" cornerpieces. A curved banner at the top bears the denomination inscription, below which a manuscript signature is applied in ink. A central vignette presents a standing sheep in profile, rendered in a simple engraved style typical of mid-19th century provincial issues.
Obverse lettering VALE UN REAL
1
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Comments

PS#152 is a Treasury-issued Real from the early 1850s — a period when Brazilian monetary organization was still sorting itself out between the Tesouro Nacional and the competing note-issuing privileges of the Banco do Brasil. These Treasury reais were essentially fiscal instruments, not commercial bank paper, which gave them a different circulation profile from contemporary private-bank notes.

The 1853–1854 window is telling: it brackets the very year the second Banco do Brasil was chartered, after which Treasury's direct note issuance became more constrained. Survivors in any condition are uncommon.