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10 Mil Réis Thesouro Nacional, Copper exchange note

Issuer Imperio do Brasil
Year 1833
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Value 10 000 Réis (10 000)
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Obverse description Lithographed in light green on white paper, the note carries the Arms of the Empire at left, surmounting a caption referencing Law No. 52 of October 3, 1833. The denomination "DEZ MIL REIS" and the value "10$000" appear repeatedly in the border and body text, with the legend "Imperio do Brasil" and a clause stating the note is receivable as currency at the Public Stations of the named Province. The Province name and ballot number are completed by hand in manuscript.
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Protection description A so-called "ladder" watermark (filigree em escada), named for its stepped, ladder-like appearance, is present in the paper stock; this same watermark pattern appears across the provincial copper exchange note series.
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Brazil's Imperial Treasury began issuing copper exchange notes in 1833 as a direct response to a chronic shortage of small-denomination copper coinage — the notes were intended to circulate as substitutes for physical copper, redeemable at face value in coin. The arrangement was administratively tidy in theory and persistently troubled in practice, as the copper coinage itself remained undersupplied throughout the decade.

P#A154 predates the Banco do Brasil's later dominance of Brazilian paper currency and sits among the earliest government-issued notes from the imperial period. Surviving examples are genuinely rare; most circulated hard in a tropical climate hostile to paper.

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