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

Issuer Tesouro Nacional do Brasil (Brazilian National Treasury)
Year 1963
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Reference(s) P#179
Obverse description Violet intaglio and offset on polychrome underprint. A central vignette presents the portrait of Princess Isabel (Isabel Cristina Leopoldina Augusta Micaela Gabriela Rafaela Gonzaga de Bourbon-Duas Sicílias e Bragança) set within an ornate guilloche frame, flanked on either side by the denomination numeral 50. Printer's imprint and official Treasury inscriptions appear in the surrounding border.
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Reverse lettering 50 REPÚBLICA DOS 50 LEI ÁUREA 50 ESTADOS UNIDOS DO BRASIL 50 THOMAS DE LA RUE & COMPANY, LIMITED, LONDON.
(Translation: Republic of United States of Brazil Golden Law Thomas De La Rue & Company, Limited, London.)
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Comments

Brazil's paper currency in the early 1960s was under severe strain — chronic inflation and fiscal deficits meant that notes were reprinted repeatedly as demand outstripped supply. The 'Valor Legal' overprint on this second printing was a formal legal-tender designation required under Brazilian monetary regulations, distinguishing Treasury-issued notes from those bearing Banco do Brasil authority.

Thomas De La Rue's London production is consistent with Brazil's long reliance on foreign security printers during this period, a practical concession to the limited domestic intaglio capacity available at the Casa da Moeda.

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