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50 Mil Réis Banco do Brasil, 1st. Print
| Issuer | Banco do Brasil |
|---|---|
| Year | 1923 |
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| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO DO BRASIL NA SÉDE DO BANCO DO BRASIL SE PAGARÁ AO PORTADOR DESTA DE ACCORDO COM A LEI N. 4635-A DE 5 DE JANEIRO DE 1923 A QUANTIA DE 50 CINCOENTA MIL RÉIS DEODORO DA FONSECA (Translation: Bank of Brazil At Bank of Brazil headquarters will be paid to the bearer of this Accordingly to Law # 4635-A from January 5th., 1923 THE AMOUNT OF 50 Fifty Mil Reis Deodoro da Fonseca) |
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| Reverse lettering | 50 50 BANCO DO BRASIL (Translation: Bank of Brazil) |
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| Comments |
The Banco do Brasil's 1923 series was printed by the American Bank Note Company at a moment when the Brazilian milréis was under serious pressure — coffee price volatility and postwar debt servicing had severely strained the country's foreign reserves throughout the early 1920s. ABNC held a long-running contract with Banco do Brasil across this period, and the New York presswork on this series is characteristically tight.
The "1st Print" designation matters here: subsequent print runs of P#118 show minor plate differences and serial number format changes that collectors use to distinguish them. First-print examples tend to appear less frequently in high-grade survivors.