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200 Mil Réis Banco da República dos Estados Unidos do Brazil, 1st. Print, 1st. type

Issuer Banco da República dos Estados Unidos do Brazil
Year 1891-1893
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Value 200 000 Réis (200 000)
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Obverse description Printed in black on green underprint, executed in intaglio and lithography. The right side carries a vignette of Minerva, while the left side bears a small frame enclosing a figure of a sailor; the central field presents a view of the Casa da Moeda in Rio de Janeiro. Print and series numbers appear in black, with the order number rendered in red.
Obverse lettering 200 BANCO DA REPUBLICA DOS ESTADOS UNIDOS DO BRAZIL RIO DE JANEIRO NA THESOURARIA DO BANCO SE PAGARÁ AO PORTADOR A QUANTIA DE 200 DUZENTOS MIL REIS VALOR GARANTIDO POR DEPÓSITO EM APÓLICES NO THESOURO NACIONAL, CONFORME O DECRETO Nº 165 DE 17 DE JANEIRO DE 1890. 200 `PERFORED - SPECIMEN`
(Translation: Bank of the Republic of the United States of Brazil Rio de Janeiro In The Bank's Treasury will be paid to the carrier the amount of Two Hundred Thousand Reis amount guaranteed by deposit in policies at the National Treasury, under the terms of Decree Number 165 of January 17, 1890.)
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Comments

The Banco da República dos Estados Unidos do Brazil was itself a short-lived institution — formed in 1890 through the forced merger of the Banco do Brazil with the Banco Nacional do Brazil, it collapsed during the Encilhamento, one of the most catastrophic speculative financial crises in Brazilian history. Notes from this bank were issued into a market already drowning in paper, as the Provisional Republican government had dramatically expanded money supply almost immediately after the 1889 coup that ended the Empire.

The American Bank Note Company contract for this series predates the worst of the crash. By 1893 the bank itself was effectively finished, reorganized into the Banco da República do Brazil under emergency legislation.

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