Catalog
50 Centavos overprinted on P# 172
| Issuer | Banco Central do Brasil |
|---|---|
| Year | 1967 |
| Type | Standard circulation banknote |
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| Obverse description | Blue intaglio and offset print on polychrome underprint. A central vignette presents the portrait bust of Dom João VI (João Maria José Francisco Xavier de Paula Luís António Domingos Rafael), flanked on both sides by the numeral 500. A circular overprint stamp bearing the legend BANCO CENTRAL - 50 CENTAVOS is applied over the original 500 Cruzeiros note, revaluing it for circulation as 50 Centavos. |
|---|---|
| Obverse lettering | REPÚBLICA DOS ESTADOS ESTADOS UNIDOS DO BRASIL 500 TESOURO NACIONAL 500 BANCO CENTRAL 50 CENTAVOS D.JOÃO VI DIRETOR CAIXA DE AMORTIZAÇÃO MINISTRO DA FAZENDA QUINHENTOS CRUZEIROS VALOR LEGAL AMERICAN BANK NOTE COMPANY. (Translation: Republic of the United States of Brazil 500 National Treasury 500 Central Bank 50 Centavos D. João VI Director of Amortization Fund Minister of Finance Five Hundred Cruzeiros Legal Tender American Bank Note Company) |
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| Comments |
P#186 is a provisional issue produced by overprinting surplus stocks of the 50 Cruzeiros note (P#172) with a new denomination following the 1967 monetary reform, when the Cruzeiro Novo replaced the old Cruzeiro at a rate of 1 to 1,000. The overprint was a stopgap — Brazil's central bank needed low-denomination notes immediately and could not wait for freshly designed stock from ABNC.
The underlying P#172 plates had already been in use since the early 1960s, which means circulating examples of P#186 sometimes show the wear of two distinct lifespans: once as a Cruzeiros note, once reissued.