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10 Cruzeiros overprint on 10 Mil Réis P# 39
| Issuer | Tesouro Nacional (National Treasury of Brazil) |
|---|---|
| Year | 1942 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | 10 10 REPUBLICA DOS ESTADOS UNIDOS DO BRASIL SE PAGARÁ AO PORTADOR DESTA A QUANTIA DE NO THESOURO NACIONAL 10 10 CASA DA MOEDA 10 CRUZEIROS 10 10 CASA DA MOEDA 10 CRUZEIROS DEZ MIL REIS VALOR RECEBIDO 10 10 AMERICAN BANK NOTE COMPANY. (Translation: Republic of the United States of Brazil In the National Treasury will be paid to the Carrier of this Amount of Mint 10 Cruzeiros Ten Thousand Réis Received Amount American Bank Note Company.) |
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| Reverse lettering | REPUBLICA DOS 10 10 X 10 10 X 10 10 C A.B.N.CO. ESTADOS UNIDOS DO BRASIL AMERICAN BANK NOTE COMPANY. (Translation: Republic of the United States of Brazil 10 10 x 10 10 x 10 10 C A.B.N.CO. American Bank Note Company.) |
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| Comments |
Brazil's 1942 monetary reform abolished the Mil Réis and introduced the Cruzeiro at par — one Cruzeiro for one Mil Réis — meaning the face value didn't change, only the unit name did. Rather than print an entirely new series immediately, the Treasury authorized overprinting existing American Bank Note Company stock of the 10 Mil Réis (P#39) with the new denomination. It was a transitional measure, not a permanent solution.
The overprinted series circulated alongside freshly printed Cruzeiro notes during the changeover, and attrition was high. The ABNCo plate work underlying the overprint dates to an earlier commission entirely.