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200 Mil Réis Thesouro Nacional, 4th print

Issuer Thesouro Nacional
Year 1867
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Obverse description Intaglio-printed in black and burgundy on white paper, with the Imperial Arms of Brazil appearing at the upper right and lower left corners, and a portrait bust of Emperor D. Pedro II at the upper left and lower right corners. A central allegorical vignette of Justice dominates the face, surrounded by fine guilloche ornamental work. The denomination, series number, and ordem number are typeset, with the ordem number additionally applied by handstamp.
Obverse lettering 200 200 IMPERIO DO BRASIL Nº ____ 200$000 NO THESOURO NACIONAL SE PAGARÁ AO PORTADOR DESTA A QUANTIA DE DUZENTOS MIL RÉIS VALOR RECEBIDO 200 DUZENTOS
(Translation: 200 Two Hundred Empire of Brazil No. ____ 200$000 At the National Treasury you will pay bearer of this the amount of Two Hundred Thousand Réis, amount received. 200 Two Hundred)
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Comments

Perkins, Bacon & Petch — operating under the Perkins, Bacon name by the time this note was produced — had already built a reputation printing postage stamps and banknotes for colonial and emerging economies across the globe. Brazil turned to them repeatedly through the mid-nineteenth century, and this fourth print of the 200 Mil Réis represents one of the later commissions before Brazilian authorities began consolidating note production under tighter domestic oversight.

The 1867 date places this note in the thick of the Paraguayan War, the most costly armed conflict in South American history. Brazil's military expenditure was enormous, and the Thesouro Nacional was under sustained pressure to maintain liquidity. Notes of this denomination circulated alongside a crowded field of provincial and banking-house issues, competing for public confidence in a system already strained by wartime financing.

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