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5 Mil Réis Thesouro Nacional, 18th. Print

Issuer Thesouro Nacional do Brasil
Year 1923
Type Standard circulation banknote
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Obverse lettering 5 5 REPÚBLICA DOS ESTADOS UNIDOS DO BRASIL NO THESOURO NACIONAL SE PAGARÁ AO PORTADOR DESTA A QUANTIA DE V V CINCO MIL RÉIS VALOR RECEBIDO 5 5 CASA DA MOEDA - RIO
(Translation: Republic of the United States of Brazil In the National Treasure will be paid to the carrier of this amount of Five Thousand Réis Amount Received Casa da Moeda - Rio)
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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

By the 18th print run of this series, the Casa da Moeda do Brasil had been producing this note through years of sustained inflationary pressure — the early 1920s saw Brazil's federal finances chronically strained by coffee price volatility and post-WWI debt servicing. Multiple successive print runs of the same denomination were a direct symptom of that pressure, not routine replenishment.

The print number is the critical variable for collectors here. Earlier impressions and later ones within the P#28 series show measurable differences in ink depth and registration quality, a known inconsistency tied to plate wear at the Casa da Moeda's Rio facilities.

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