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5 Mil Réis Banco do Brasil, 1st. Print
| Issuer | Banco do Brasil |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Real (1799-1942) |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Multicolour lithography. The Coat of Arms of the Republic of the United States of Brazil occupies the centre, flanked symmetrically on both sides by the Arabic numeral '5'. The issuing bank name, republic title, and the commemorative date of the Proclamation of the Republic are inscribed around the central vignette, with the printer's imprint at the base. |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
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| Variants | P#112a(1) - 1 handwritten P#112a(2) - 2 printed |
| Comments |
Banco do Brasil had been re-established by the federal government in 1905 after the earlier institution's collapse during the Encilhamento speculation crisis of the early 1890s, a period of rampant monetary expansion that left Brazil's financial system in ruins. By the time this note entered circulation in 1923, the bank was operating under significant pressure from postwar commodity price swings that hit Brazilian coffee revenues hard.
The American Bank Note Company produced this as the first print of the series — subsequent prints would carry subtle plate differences detectable in the serial number typography and overprint positioning. First-print examples are the reference point for comparison.