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200 Mil Réis Thesouro Nacional, 12th. Print
| Issuer | Thesouro Nacional (National Treasury of Brazil) |
|---|---|
| Year | 1911 |
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| Size | 188 × 87 mm |
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| Obverse description | Printed in intaglio and lithography in black over a polychrome underprint, the obverse carries at right an allegorical vignette of two female figures seated upon a terrestrial globe, personifying Culture. Serial and order numbers appear in black and red respectively, with the denomination numeral 200 repeated in the corners and the full state title and payment obligation inscribed across the note face. |
|---|---|
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| Variants | P#77a - issued note P#77s - Specimen |
| Comments |
Brazil's Thesouro Nacional relied heavily on the American Bank Note Company throughout the early republic period, and this 200 Mil Réis belongs to a long-running series that underwent successive "prints" — essentially contract renewals with incremental design or security modifications — rather than clean reissues. The 12th print designation places this note well into the series' maturity, by which point inflationary pressure on the mil réis was already a structural problem rather than a temporary one.
The Brazilian government's dependence on foreign printers for its currency into the 1910s reflected both a technical gap and a political preference for the perceived security guarantees of New York engraving.