Catalog
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| Issuer | Caixa de Estabilização do Brasil |
|---|---|
| Year | 1927 |
| Type | Log in to see details |
| Value | 10 000 Réis (10 000) |
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| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Black intaglio on a polychrome lithographic underprint, with a central vignette presenting a classically styled bust of a female allegorical figure representing the Republic and Liberty, executed after a design by Paul Thumann. The denomination numeral 10 is repeated within ornate panels flanking the central portrait on both sides. The full statutory legend in Portuguese, including the issuing authority and legal payment clause, is arranged in letterpress text above and below the vignette. |
|---|---|
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| Reverse description | Log in to see details |
| Reverse lettering | 10 10 REPUBLICA DOS 10 ESTADOS UNIDOS DO BRASIL 10 10 American Bank Note Company (Translation: Republic of the United States of Brazil American Bank Note Company) |
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| Comments |
The Caixa de Estabilização was a currency board established in 1926 under President Washington Luís, designed to peg the milréis to gold at a fixed rate of 6 pence sterling. These notes were gold-exchange certificates in the strict sense — each one theoretically backed by gold held in reserve, a deliberate departure from the inflationary paper policies Brazil had leaned on since the Encilhamento crisis of the 1890s. The board was dissolved in 1930 when the Great Depression drained the gold reserves and the scheme became untenable.
Sukeichi Oyama was one of the few Japanese-born engravers employed by the American Bank Note Company during that period, a small but remarkable detail in a field dominated by European-trained craftsmen.