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2 Mil Réis Thesouro Nacional, 15th. Print

Issuer Thesouro Nacional do Brasil
Year 1923
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Value 2000 Réis
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Reverse description Printed in brown-orange on a light ground, the reverse is composed entirely of intricate guilloche lacework forming a large horizontal oval vignette at center. The state title REPUBLICA DOS ESTADOS UNIDOS DO BRASIL is inscribed within a rectangular panel at the center of the oval, while the numeral 2 appears in ornate circular medallions to the left and right, each surrounded by concentric rings of fine lathe-work.
Reverse lettering 2 - REPUBLICA DOS ESTADOS UNIDOS DO BRASIL - 2
(Translation: 2 - Republic of the United States of Brazil - 2)
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Comments

Brazil's Thesouro Nacional issued this 2 Mil Réis as part of a long-running series that stretched across multiple impressões — numbered printings rather than distinct emission series. The 15th print designation places this note in the early 1920s, a period when the mil-réis was under sustained depreciation pressure following years of wartime inflation and Brazil's difficult post-WWI fiscal adjustment. The Casa da Moeda do Brasil handled production entirely in-house, one of the earlier extended runs produced without recourse to European security printers.

The numbered printing system is worth understanding: successive impressões did not necessarily introduce design changes, making print number the primary distinguishing feature between otherwise near-identical notes.

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