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5 Mil Réis Thesouro Nacional, 16th. Print

Issuer Thesouro Nacional do Brasil
Year 1920
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Printer Casa da Moeda do Brasil, Brazil
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Obverse description Green woodcut print on yellow paper with a light green underprint. A central oval vignette contains a portrait of Francisco de Paula Rodrigues Alves (1848–1919), framed by intricate guilloche ornamentation. Serial numbers and stamping appear in black, with order numbers printed in red.
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Reverse lettering REPÚBLICA DOS ESTADOS UNIDOS DO BRASIL 5 CINCO MIL RÉIS 5 CASA DA MOEDA RIO DE JANEIRO
(Translation: Republic of the United States of Brazil Five Thousand Réis Casa da Moeda - Rio de Janeiro)
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Comments

Brazil's Thesouro Nacional issued multiple consecutive "prints" of its early twentieth-century Mil Réis series without redesigning the plates, meaning the 16th print designation tracks production runs at the Casa da Moeda rather than any meaningful change in the note itself. By 1920 the Casa da Moeda had been printing this denomination domestically for years, a point worth noting given how much Brazilian paper of the preceding decades had depended on European contractors.

The Mil Réis was already under inflationary pressure by this date — Brazil's external debt and coffee-price volatility had been straining the currency since the Encilhamento speculation crisis of the early 1890s, and the unit would eventually be replaced by the Cruzeiro in 1942.

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