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200 Mil Réis Thesouro Nacional, 9th. Print

Issuer Thesouro Nacional (National Treasury of Brazil)
Year 1901
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Currency Real (1799-1942)
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Obverse lettering 200 200 REPÚBLICA DOS ESTADOS UNIDOS DO BRAZIL NO THESOURO NACIONAL SE PAGARÁ AO PORTADOR DESTA A QUANTIA DE DUZENTOS MIL RÉIS VALOR RECEBIDO 'SPECIMEN' 200 200
(Translation: Republic of the United States of Brazil At the National Treasury the holder will be paid the amount of Two Hundred Thousand Reis Amount received 'Specimen')
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Reverse lettering 200 200 DUZENTOS ESTADOS UNIDOS DO BRAZIL - 15 DE NOVEMBRO DE 1889 MIL RÉIS 200 200 BRADBURY, WILKINSON & CO., LONDRES
(Translation: Two Hundred United States of Brazil - November 15, 1889 Thousand Reis Bradbury, Wilkinson & Co., London)
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Brazil's federal treasury issued this note under the funding arrangement that followed the 1898 Rothschild loan — the so-called "funding loan" that obliged the government to withdraw paper currency from circulation in exchange for credit, a policy that created genuine scarcity of circulating notes in the early 1900s and paradoxically increased pressure on the denominations that remained in use. The 200 Mil Réis sat at a level meaningful enough for commerce but low enough to circulate hard.

Bradbury Wilkinson had been printing Brazilian government paper since the 1880s, and the 9th Print designation reflects the sequential numbering Brazil used to track successive contracts and plate revisions rather than any fundamental redesign. Wear patterns on surviving examples tend to concentrate along horizontal fold lines, consistent with wallet or pocket storage rather than till use.

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