Catalog
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| Issuer | Thesouro Nacional (National Treasury of Brazil) |
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| Year | 1924-1942 |
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| Printer | American Bank Note Company, New York, United States |
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| Obverse description | Printed in blue on a polychrome underprint, combining intaglio (calcography) and letterpress (lithography) techniques. The central vignette presents a bust portrait of 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 face of the note. |
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| Obverse lettering | Log in to see details |
| Reverse description | Printed in orange, executed in intaglio (calcography). The central vignette presents a seated female allegory of Minerva, the mythological goddess of wisdom. The nominal value 20 appears on either side of the central vignette. |
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| Variants | P#48a - country name spelled BRAZIL, handwritten signature P#48b - country name spelled BRAZIL, printed signature P#48c - country name spelled BRASIL, Estampa and serial # separated, handwritten signature P#48d - country name spelled BRASIL, Estampa and serial # together, handwritten signature |
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