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10 Mil Reis

Uitgever Banco União de S. Paulo
Jaar 1890
Type Standard circulation banknote
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Beschrijving keerzijde The reverse is printed in a rich multicolour scheme of red, blue, and yellow-green, with an elaborate guilloche underprint filling the entire field. At centre, a large circular vignette contains the Brazilian coat of arms — a five-pointed star within a stellar arrangement surrounded by a wreath — encircled by the inscriptions 'S. PAULO E GOYAZ' and 'ESTADOS UNIDOS DO BRAZIL'. The denomination numeral '10' appears in each of the four corners within ornate lathe-work panels, and the bank name is repeated along the top and bottom margins.
Opschrift keerzijde BANCO UNIAO DE S. PAULO
S. PAULO E GOYAZ
ESTADOS UNIDOS DO BRAZIL
S. PAULO E GOYAZ
10
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Opmerkingen

Banco União de S. Paulo was one of several private banks granted note-issuing rights under Brazil's Encilhamento — the speculative monetary expansion pushed through by Finance Minister Rui Barbosa following the 1889 republic. The policy flooded the country with bank-issued paper, and the União de S. Paulo was among the São Paulo state banks that emerged almost overnight to take advantage of newly liberalized charter rules.

The series is scarce. Many of these provincial emissions were short-lived; the Encilhamento collapsed into financial crisis by 1891, and numerous issuing institutions failed before their notes saw meaningful circulation.