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100 Mil Reis

Issuer Thesouro do Estado de S. Paulo
Year 1932
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Currency Mil Reis (1833-1942)
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Obverse description Brown and tan note with an oval intaglio portrait vignette at left of the Duque de Caxias in military uniform, set within an elaborate guilloche border inscribed PRO CONSTITUIÇÃO. A large central circular medallion carries the denomination CEM MIL REIS in bold lettering, flanked by intricate underprint patterns repeating the value 100 throughout the field. At lower centre a manuscript signature appears above a text panel stating the bearer clause and reference to Decreto N. 5885 of 14 July 1932.
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Reverse lettering PRO CONSTITUIÇÃO
BONUS DO THESOURO DO ESTADO DE S. PAULO
100
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Comments

The Thesouro do Estado de S. Paulo issued this note amid one of the most significant political ruptures in Brazilian history. The Constitutionalist Revolution of 1932 pitted São Paulo against the federal government of Getúlio Vargas, and the state treasury issued its own emergency currency to fund a military campaign that lasted nearly three months before São Paulo's surrender in October.

Companhia Melhoramentos — better known as a paper and publishing house, successor to the Weiszflog brothers' operation — was an unusual choice of printer, reflecting wartime improvisation rather than standard banking procurement. The note circulated under genuine duress.

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