Catalog
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| Issuer | Thesouro Nacional (National Treasury of Brazil) |
|---|---|
| Year | 1909 |
| Type | Log in to see details |
| Value | 20 000 Réis (20 000) |
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| Composition | Log in to see details |
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| Obverse description | Black intaglio on polychrome lithographic underprint. A central vignette presents an allegorical female figure representing the Arts within a medallion, surrounded by ornate guilloche borders. Serial numbers and order number are printed in black and red respectively, with the denomination numeral '20' repeated at the left and right margins. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Printed in coffee-brown intaglio, the reverse is dominated by a central landscape vignette of Rio de Janeiro's Guanabara Bay, with Morro da Urca and Pão-de-Açúcar (Sugar Loaf Mountain) visible in the background. The denomination numerals '20' appear at both lateral margins, flanking the central scenic composition. |
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| Comments |
Brazil's Thesouro Nacional relied heavily on the American Bank Note Company throughout the First Republic period, and this 12th print of the 20 Mil Réis belongs to a long-running series that stretched across multiple governments and monetary pressures following the Encilhamento crisis of the early 1890s. By 1909, the note had been reissued often enough that Brazilian collectors distinguish prints primarily by subtle plate differences and control number ranges rather than any visible redesign.
The ABNC connection matters: New York-produced Brazilian treasury paper from this period is generally better engraved than contemporary domestic output, and the 12th print is no exception to that rule.