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10 Mil Réis Thesouro Nacional, 10th. Print

Issuer Thesouro Nacional (National Treasury of Brazil)
Year 1903
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Size 198 × 91 mm
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Obverse lettering 10 10 REPÚBLICA DOS ESTADOS UNIDOS 10 10 DO BRAZIL SPECIMEN NO THESOURO NACIONAL SE PAGARÁ AO PORTADOR DESTA A QUANTIA DE DEZ MIL RÉIS VALOR RECEBIDO GEORGES DUVAL INV. ET DEL. CASA DA MOEDA - RIO DE JANEIRO JULES HUYOT SCULP.
(Translation: Republic of United States of Brazil At the National Treasury the holder will be paid the amount of TEN Thousand Réis Amount received Casa da Moeda - Rio de Janeiro Georges Duval Inv. et Del. / Jules Huyot Sculp.)
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Protection description Effigy of a woman and '10000 REIS'
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Comments

Brazil's Caixa de Conversão reforms of the early 1900s reshaped the entire monetary apparatus, and this note — identified as the 10th print run — reflects the Thesouro Nacional's ongoing effort to maintain volume against persistent demand. Casa da Moeda do Brasil handled production domestically in Rio de Janeiro, though the design work and plate engraving trace back to French hands: Duval for the design, Huyot for the engraving, whose credits appear in the margins of the earlier prints in this series.

Watermarking was the sole mechanical security measure. By this period, Brazilian notes faced chronic counterfeiting pressure, and a watermark alone was considered insufficient by most contemporary banking authorities.

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