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10 Mil Réis Thesouro Nacional, 4th print

Issuer Thesouro Nacional
Year 1854
Type Standard circulation banknote
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Obverse description Intaglio-printed in black on a light brown underprint, with an allegorical agricultural vignette centered at the top of the note. The issuing authority "IMPERIO DO BRASIL" is inscribed across the upper margin, while the denomination "DEZ MIL REIS" and treasury obligation text are arranged within the body of the note. Series numbers are overprinted at the lateral margins.
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Reverse description Unprinted; the reverse is entirely blank, showing only the plain paper stock with traces of ink show-through from the intaglio-printed obverse.
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Comments

Perkins, Bacon & Petch produced this note during a transitional moment in the firm's own history — the "Petch" designation places it between the earlier Perkins, Bacon & Petch partnership and the later Perkins, Bacon & Co. consolidation, a window that closed around 1858. The 4th print designation distinguishes this from earlier impressions of the same plate series, though the distinctions between print runs are subtle enough that attribution depends largely on paper stock and impression characteristics rather than obvious visual differences.

Brazil's Imperial Treasury issued paper currency in a monetary environment still dominated by distrust of fiduciary instruments — the 1850s saw repeated debates in the Chamber of Deputies over whether note issuance should remain with the Treasury or be ceded entirely to commercial banks.

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