20 Mil Réis Thesouro Nacional, 7th print

Brazil's National Treasury turned to the American Bank Note Company repeatedly throughout the late nineteenth century, and this 1878 issue is a product of that sustained relationship. The "7th print" designation reflects the Treasury's own internal print-run numbering system — not a catalog convention — used to track successive authorizations of the same denomination as demand or redemption required additional stock.

The mil réis denomination structure places this note squarely in the period before the abolition of slavery and the proclamation of the Republic dramatically reshaped Brazilian monetary administration in 1889. Notes of this series often circulated hard; survivors in presentable condition are less common than their printing quantities might suggest.