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50 Mil Reis

Issuer Thesouro do Estado do Rio Grande do Sul
Year 1932
Type Standard circulation banknote
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Obverse description The obverse is printed in olive-green and black tones, with a circular portrait vignette of a male figure at left, set within an ornate guilloche border. The large numeral '50' appears at centre-right as an underprint element, flanked by decorative scroll work, with the serial number printed in red at lower left and upper right. A date inscription reading 'Porto Alegre, 3 de Maio de 1932' appears at right, below a block of issuing authority text, with a manuscript signature across the lower centre.
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Reverse lettering THESOURO
ESTADO DO RIO GRANDE DO SUL
50
50
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Comments

The Thesouro do Estado do Rio Grande do Sul issued regional currency during the early Republic period under provisions that allowed Brazilian states limited rights to emit their own notes — a practice the federal government progressively dismantled through the 1920s and 1930s. By 1932, that window was effectively closed, which makes this note politically awkward to date: it falls the same year as the Constitutionalist Revolution and Getúlio Vargas's consolidation of federal authority following the 1930 coup.

Litografia e Livraria do Globo was a Porto Alegre commercial press, not a security printer. The absence of specialist intaglio work is immediately apparent in surviving examples, which show relatively simple lithographic execution with no deep-relief engraving.

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