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| 背面描述 | 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. |
| 背面铭文 | REPÚBLICA DOS 20 20 ESTADOS UNIDOS DO BRAZIL AMERICAN BANK NOTE COMPANY, NEW YORK (Translation: Republic of United States of Brazil American Bank Note Company, New York) |
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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.