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10 Cruzeiros Thesouro Nacional, 1st print, 'Valor Legal'
| Issuer | Tesouro Nacional (National Treasury of Brazil) |
|---|---|
| Year | 1961-1963 |
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| Currency | Cruzeiro (1942-1967) |
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| Obverse description | Blue intaglio on polychrome offset underprint. A central vignette presents the portrait of Getúlio Dornelles Vargas, President of the Republic 1930–1945 and 1951–1954, set within an ornate guilloche-bordered frame, flanked on both sides by the denomination numeral 10. Inscriptions identifying the issuing authority, denomination, and security legend 'VALOR LEGAL' appear across the note, with the printer's imprint at the lower margin. |
|---|---|
| Obverse lettering | REPÚBLICA DOS ESTADOS UNIDOS DO BRASIL TESOURO NACIONAL DEZ CRUZEIROS 10 10 GETULIO VARGAS DIRETOR CAIXA DE AMORTIZAÇÃO MINISTRO DA FAZENDA VALOR LEGAL 10 10 AMERICAN BANK NOTE COMPANY. (Translation: Republic of the United States of Brazil National Treasury Ten Cruzeiros 10 10 Getulio Vargas Director of the Amortization Fund Minister of Finance Legal Tender 10 10 American Bank Note Company.) |
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| Comments |
Brazil's Tesouro Nacional notes of this period occupied an awkward institutional position — the National Treasury, rather than the Banco do Brasil or the soon-to-be-established Banco Central, remained the nominal issuer well into the early 1960s, a bureaucratic holdover that reflected how slowly Brazil's monetary architecture was reforming. The "Valor Legal" overprint was added to earlier printings to authorize continued circulation under updated currency regulations.
The signature combinations here track political appointments across a turbulent stretch: the Kubitschek-to-Quadros-to-Goulart succession reshuffled financial ministries repeatedly, and the two distinct signing pairs across series 331–930 reflect those ministerial changes rather than any production interruption. ABNC printed the base notes in New York under contract, as they did for much of Latin America through this period.