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10 Mil Réis 1932 Revolution Bonus, 2nd. Print

Issuer Thesouro do Estado de São Paulo
Year 1932
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Value 10 000 Réis (10 000)
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Obverse description Printed in pink and blue using intaglio (calcography) and lithography, the obverse carries an oval vignette at right with a portrait of Joaquim Marques Lisboa (1807–1897), Marquis of Tamandaré, set within a decorative border. The Arabic numeral '10' appears to the left of the portrait vignette, with the full text of the treasury decree and printer's imprint arranged across the face. An anonymous manuscript conferral signature of the responsible official appears below the main text block.
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Reverse lettering 10 10 BONUS DO THESOURO DO ESTADO DE S. PAULO PRÓ CONSTITUIÇÃO
(Translation: Treasury Bonus of the State of São Paulo Pro Constitution)
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The Constitutionalist Revolution of 1932 — São Paulo's armed uprising against the Getúlio Vargas federal government — lasted just over three months but generated a parallel financial apparatus entirely independent of the Banco do Brasil. These bonus notes were issued by the São Paulo state treasury to fund the war effort locally, bypassing federal monetary channels altogether. The 2nd print designation matters: demand outpaced the initial run, requiring a second press cycle at Melhoramentos before the revolution collapsed in October.

Defeated militarily, São Paulo nonetheless won several political concessions that followed — a hollow comfort for a state that had printed its own money to fight the federal government and lost.

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