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20 Mil Réis Banco da República do Brasil, 1st. Print

Issuer Banco da República do Brasil
Year 1893
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Value 20 000 Réis (20 000)
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Reverse description Polychrome lithographic back dominated by two large octagonal guilloche rosettes at left and right, with the denomination numeral 20 centred within the left rosette. A central ribbon cartouche carries the value inscription in bold lettering, flanked by fine guilloche underprint work. The Arms of the Republic appear within the right rosette, and the bank and country names are inscribed above and below the central design.
Reverse lettering BANCO DA REPÚBLICA 20 VINTE MIL RÉIS DO BRAZIL
(Translation: Bank of the Republic of Brazil Twenty Thousand Reis)
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Comments

The Banco da República do Brasil had a short and turbulent life — formed in 1892 from the merger of the Banco do Brasil and the Banco Nacional do Brasil, it inherited a monetary mess left by the Encilhamento, the speculative boom-and-bust that followed the proclamation of the Republic in 1889. By the time this note was printed, the milréis had lost the confidence of much of the commercial class, and the bank itself was dissolved in 1896, absorbed into what became the new Banco da República.

G&D's Leipzig plant produced the plates, and the 1st Print designation matters here — subsequent issues show subtle typographic differences in the serial numbering that collectors use to sequence the print runs.

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