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10 Mil Réis Banco do Brasil, 1st. Print

Issuer Banco do Brasil
Year 1923
Type Standard circulation banknote
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Obverse description Black intaglio on multicolour lithographic underprint. At centre, an oval vignette bears a portrait of Rafael de Abreu Sampaio Vidal (1870–1941), rendered in fine intaglio engraving. Denomination numerals '10' appear at the corners, with the issuer legend and statutory payment clause distributed across the face.
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Reverse description Printed in orange intaglio, the reverse is centred on a horizontal vignette of the Museu do Ipiranga (Ipiranga Museum) building in São Paulo, its classical façade rendered in fine line engraving. Denomination numerals '10' flank the central panel on either side, with the issuer name and printer imprint completing the design.
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Comments

Banco do Brasil's relationship with the American Bank Note Company ran deep through the early twentieth century, and this 1923 10 Mil Réis belongs to a production run that coincided with Brazil's chronic post-WWI inflationary pressure — the milréis was losing ground steadily, and mid-denomination notes like this one moved through commerce quickly and wore out accordingly. Circulated survivors in presentable condition are genuinely harder to locate than the face value might suggest.

The "1st. Print" designation matters here: ABNC produced subsequent printings with subtle plate differences, and the first print is distinguished in specialist literature primarily by the signature combinations on the face rather than any obvious typographic change.

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