10 Mil Réis Thesouro Nacional, 14th. Print

Brazil's Thesouro Nacional leaned heavily on the American Bank Note Company throughout the early republic period, and this note belongs to a long-running series whose successive "prints" reflect the government's recurring need to refresh aging plates or adjust security features without commissioning entirely new designs. The 14th print designation is a catalog distinction that matters primarily to specialists tracking plate wear and minor typographic variants across the run.

By 1918, Brazil was managing wartime inflation and supply disruptions that strained its monetary reserves. ABNC-printed notes of this period occasionally show subtle differences in ink density across impressions — a known artifact of high-volume runs on aging intaglio plates.