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5 Cruzeiros Thesouro Nacional, 2nd print, 'Valor Legal'

Issuer Tesouro Nacional do Brasil
Year 1962-1964
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Printer Thomas de la Rue, London
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Obverse description Sepia intaglio and offset on polychrome underprint. A central vignette presents the portrait of José Maria da Silva Paranhos, Barão do Rio Branco, set within an ornate decorated frame, flanked on either side by the numeral 5. The inscription BARÃO DO RIO BRANCO appears below the portrait, with the issuing authority and denomination legends bordering the composition.
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Reverse description Sepia intaglio on plain ground. The central vignette reproduces the painting Conquista do Amazonas by the Brazilian artist Antonio Parreiras, rendered with fine line engraving. The issuing authority's title and the title of the pictorial scene are inscribed in the surrounding border, with the printer's imprint at the base.
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Comments

The "Valor Legal" overprint was applied to this series because Brazil's 1961 monetary legislation required explicit legal tender designation on notes already in the pipeline — a bureaucratic patch rather than a new issue. The signature combinations here trace the revolving door of Finance Ministers during a period of acute political instability: Walter Moreira Salles, Miguel Calmon, and Octávio Gouvêa de Bulhões all cycled through the post in rapid succession as inflation accelerated toward the crisis that preceded the 1964 coup.

Bulhões would return as Finance Minister after the military takeover, giving the later series an unintentional historical irony — the same signature appears on notes from both the Goulart government and its immediate aftermath.

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