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| 正面描述 | 登录 以查看详情 |
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| 正面铭文 | 20 BANCO DO BRASIL NA SEDE DO BANCO DO BRASIL, SE PAGARÁ AO PORTADOR DESTA, DE ACCORDO COM A LEI N. 4635 DE 8 DE JANEIRO DE 1923, A QUANTIA DE VINTE MIL REIS. 20 20 ARTHUR BERNARDES AMERICAN BANK NOTE COMPANY (Translation: Bank of Brazil at Banco do Brasil's Headquarters, it will be paid to the bearer hereof according to Law No. 4635 of January 8, 1923, the amount of Twenty Thousand Reis. 20 20 Arthur Bernardes American Bank Note Company) |
| 背面描述 | 登录 以查看详情 |
| 背面铭文 | 20 20 BANCO DO BRASIL AMERICAN BANK NOTE COMPANY (Translation: Bank of Brazil American Bank Note Company) |
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Banco do Brasil's relationship with the American Bank Note Company ran deep through the early twentieth century, and this 1923 issue is part of that long-standing contract series. ABNC held the engraving plates and printed successive runs for Brazil across multiple denominations, with the "1st Print" designation distinguishing this from later impressions that differ in minor but catalogable ways — primarily in plate wear signatures and sometimes in serial number color or font weight.
Brazil's monetary situation in 1923 was far from stable; the milréis was under sustained depreciation pressure tied to postwar commodity cycles and coffee market volatility. Notes of this period circulated hard.