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100 Mil Réis Thesouro Nacional, 9th. Print

Issuer Thesouro Nacional (National Treasury of Brazil)
Year 1904
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Printer Banque de France, France
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Obverse lettering REPÚBLICA DOS ESTADOS UNIDOS DO BRAZIL NO THESOURO NACIONAL SE PAGARÁ AO PORTADOR DESTA A QUANTIA DE CEM MIL RÉIS VALOR RECEBIDO GEORGES DUVAL INV. ET DEL. EMILE CROSBIE SC.
(Translation: Republic of the United States of Brazil At the National Treasury the holder will be paid the amount of One Hundred Thousand Reis Amount received Georges Duval Inv. et Del. Emile Crosbie Sc.)
Reverse description Blue on yellow lithographic reverse with a central underprint ground. A reserved area at right incorporates the Arms of the Republic as a watermark device, with denomination numerals flanking the central inscriptions.
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Comments

Brazil's Treasury relied on the Banque de France for several emission runs in the early twentieth century, and this note — the ninth print of the series — reflects that arrangement. Duval and Crosbie were among the more capable hands working in Paris at the time; Crosbie in particular had a long association with the Banque de France's intaglio workshop.

The "9th Print" designation matters more than it might seem. Each successive print run could carry subtle differences in ink, plate wear, or paper batch, and Brazilian Treasury notes of this period are frequently miscatalogued by print number — a distinction that meaningfully affects scarcity assessments.

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