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200 Mil Réis Thesouro Nacional, 8th. Print

Issuer Thesouro Nacional (National Treasury of Brazil)
Year 1897
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Size 202 × 98 mm
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Obverse description Black intaglio on ochre and violet lithographic underprint. At right, a vignette of the Allegory of Commerce; at left, a medallion with a female figure accompanied by a cherub; at centre, an oval medallion with a profile bust of a female figure representing the Allegory of the Republic. Serial, stamp, and order numbers printed in red.
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Reverse lettering REPÚBLICA 200 MIL RÉIS 200 MIL RÉIS DOS ESTADOS UNIDOS DO BRAZIL AMERICAN BANK NOTE COMPANY, NEW YORK
(Translation: Republic of the United States of Brazil Two Hundred Thousand Reis American Bank Note Company, New York)
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Comments

Brazil's National Treasury turned to the American Bank Note Company repeatedly through the late nineteenth century, and this 1897 200 Mil Réis is one of the later products of that relationship — the "8th Print" designation reflecting successive contract printings of what was essentially the same plate design reissued across years of fiscal turbulence. The 1890s were not kind to Brazilian public finance: the Encilhamento speculation bubble had already burst, inflation had gutted confidence in paper currency, and the treasury was running successive deficits under the early República.

The ABNC's New York engraving quality stands well above what domestic presses could produce at the time, which is partly why the government kept returning to them despite the cost and the optics of printing national currency abroad.

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