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20 Mil Réis Thesouro Nacional, 3rd print

Issuer Thesouro Nacional
Year 1844
Type Standard circulation banknote
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Obverse description Intaglio-printed in blue on yellow paper, with the Imperial distinction vignette at left, a central allegorical scene representing the Discovery of Brazil above, and the Arms of the Empire at right. The denomination and serial number are typeset, with the order number applied by handstamp.
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Reverse description Unprinted yellow paper reverse, bearing only handwritten and manuscript notations added in circulation, consistent with this type of mid-19th century Brazilian Treasury issue.
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Comments

Perkins, Bacon & Petch — at the time still operating under that transitional name before settling as Perkins, Bacon & Co. — were the dominant security printers of the mid-nineteenth century, best known for their siderographic steel engraving process, which made plate duplication and counterfeiting exceptionally difficult. Brazil's Imperial Treasury turned to them repeatedly across multiple print runs of this series, a reasonable choice for a government that had been battling note forgery since the 1820s.

The "3rd print" designation matters here. Each successive print run of this denomination carried subtle differences in plate state and overprint details, and misidentification between runs is common. Collectors distinguishing between them should focus on the serial number typography and any manuscript annotations rather than the core engraved design, which remained largely consistent across printings.

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