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200 Mil Réis Caixa de Estabilização, overprint on 200 Mil Réis P# 81
| Issuer | Caixa de Estabilização do Brasil |
|---|---|
| Year | 1926 |
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| Reference(s) | P#109E |
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|---|---|
| Obverse lettering | REPUBLICA DOS ESTADOS UNIDOS DO BRAZIL NO THESOURO NACIONAL SE PAGARÁ AO PORTADOR DESTA A QUANTIA DE 200 DUZENTOS MIL REIS VALOR RECEBIDO 200 200 AMERICAN BANK NOTE COMPANY A CAIXA DE ESTABILIZAÇÃO pagará ao portador, à vista, no Rio de Janeiro, em ouro, conforme a Lei n.º 5108, de 18 de Dezembro de 1926 a quantia de 200$000 VALOR RECEBIDO EM OURO (Translation: Republic of the United States of Brazil In the National Treasury will be paid to the carrier of this amount of Two Hundred Thousand Réis Amount Received American Bank Note Company The Stabilization Fund will pay the bearer, in cash, in Rio de Janeiro, in gold, according to Law No. 5108, from December 18, 1926 to amount of 200$000 Amount Received in Gold) |
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| Reverse lettering | REPUBLICA DOS ESTADOS UNIDOS DO BRAZIL 200 200 AMERICAN BANK NOTE COMPANY (Translation: Republic of the United States of Brazil American Bank Note Company) |
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| Comments |
The Caixa de Estabilização was a short-lived stabilization fund established by President Arthur Bernardes in 1926 to back Brazilian currency with gold, part of a broader — and ultimately unsuccessful — attempt to peg the milréis at a fixed rate. Rather than print new notes, the Caixa simply overprinted existing Banco do Brasil 200 Mil Réis stock, which the American Bank Note Company had already produced. The arrangement collapsed within two years; Getúlio Vargas's 1930 revolution ended any pretense of gold convertibility.
The "E" suffix in the Pick number denotes an essay or specimen classification, meaning confirmed issued examples in private hands are exceptionally rare.