20 Réis

Brazil's First Republic declared itself in November 1889, and the new government moved quickly to overhaul the Imperial coinage — this series launching almost immediately as one of the earliest numismatic expressions of the republican transition. Production continued across multiple mints over more than two decades, with the Royal Mint in Birmingham supplying a significant portion of the bronze output during years when domestic capacity at the Casa da Moeda lagged behind demand.

The 1901 issue is notably scarcer than surrounding dates, a gap in production tied to budgetary contractions following Brazil's late-1890s financial crisis.