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20 Mil Réis Thesouro Nacional, 14th. Print

Issuer Thesouro Nacional (National Treasury of Brazil)
Year 1919
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Printer American Bank Note Company, New York, United States
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Obverse description Blue on polychrome underprint, printed in intaglio and lithography. A central vignette presents the bust portrait of Marshal Manuel Deodoro da Fonseca, first President of the Republic (1889–1891), flanked on both sides by the numeral 20. A diagonal conference autograph of the responsible official crosses the body of the note.
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Reverse description Printed in umber tones using intaglio. The central vignette presents a seated female allegorical figure representing Minerva, goddess of wisdom and craft, with the denomination numeral 20 flanking the composition on both sides.
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Comments

Brazil's National Treasury leaned heavily on the American Bank Note Company throughout the First Republic period, and this 14th print is a product of that long-running relationship. The "14ª Estampilha" designation matters: Brazilian Treasury notes of this era were issued in numbered print runs rather than dated series, meaning the print number is the primary identifier for distinguishing otherwise visually similar notes within the same denomination type.

The 20 Mil Réis denomination sat at a meaningful value during the late 1910s inflationary pressures that followed Brazil's wartime economic disruptions. Pick 46 examples show up with reasonable frequency, though corner folds and humidity damage to the paper are common — a predictable outcome for tropical circulation.

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