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10 Mil Reis
| Issuer | Banco dos Estados Unidos do Brazil, Rio de Janeiro |
|---|---|
| Year | 1890 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO DOS ESTADOS UNIDOS DO BRAZIL NO RIO DE JANEIRO DEZ MIL REIS DEZ SERIE ESTAMPA |
| Reverse description | The reverse is dominated by an elaborate guilloche design centred on a star-shaped rosette, with the numeral '10' repeated in each lateral panel. The inscriptions 'REGIAO CENTRAL', 'PARANA', 'S. CATHARINA', 'MINAS GERAES', 'ESPIRITO SANTO', and 'RIO DE JANEIRO' are distributed around the central vignette, referencing the Brazilian states where the note circulated. A overprint legend in red reads 'Circula em todos os Estados da Republica'. |
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| Comments |
The Banco dos Estados Unidos do Brazil was a short-lived private institution, chartered in the chaotic early months of the First Brazilian Republic after the November 1889 coup that ended the Empire. The new republican government under Finance Minister Rui Barbosa pursued an aggressive policy of authorizing multiple banks to issue currency simultaneously — the period known as the Encilhamento — triggering rampant speculation, inflation, and an eventual monetary crisis that discredited several of the institutions involved.
The American Bank Note Company printed for numerous Brazilian banks during this period, often working from similar compositional templates across competing issuers. The S-prefix in the Pick reference reflects its classification as a private commercial bank issue rather than a state-authorized central emission.