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50 Mil Réis Caixa de Estabilização, overprint on 50 Mil Réis P# 58
| Issuer | Caixa de Estabilização |
|---|---|
| Year | 1926 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | CINCOENTA CINCOENTA 50 50 REPUBLICA DOS ESTADOS UNIDOS DO BRAZIL NO THESOURO NACIONAL SE PAGARÁ AO PORTADOR DESTA A QUANTIA DE L CINCOENTA 50 CINCOENTA L 50 50 CINCOENTA MIL REIS VALOR RECEBIDO 50 50 CINCOENTA CINCOENTA American Bank Note Company A CAIXA DE ESTABILIZAÇÃO pagará ao portador, à vista, no Rio de Janeiro, em ouro, conforme a Lei n.º 5108, de 18 de Dezembro de 1926 a quantia de 50$000 VALOR RECEBIDO EM OURO (Translation: Republic of the United States of Brazil In the National Treasury will be paid to the carrier of this amount of Fifty Thousand Réis Amount Received American Bank Note Company The Stabilization Fund will pay the bearer, in cash, in Rio de Janeiro, in gold, according to Law No. 5108, from December 18, 1926 to amount of 50$000 Amount Received in Gold) |
| Reverse description | Printed entirely in olive-green intaglio, the reverse is dominated by two large lathe-work guilloche rosettes occupying the left and right fields, each incorporating the numeral 50 at centre. A finely engraved central cartouche, surrounded by intricate engine-turned scrollwork and foliate ornaments, carries the state inscription in four lines. Denomination numerals 50 repeat in each corner and along the top border, while the printer's imprint appears in small letters along the lower margin. |
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| Comments |
The Caixa de Estabilização was Brazil's short-lived currency stabilization board, established in 1926 under President Bernardes to peg the milréis to gold at a fixed rate. The overprint on existing Banco do Brasil stock — rather than commissioning entirely new plates — was a deliberate economy, reflecting the fiscal constraints that made stabilization so difficult in the first place. The board was dissolved in 1930 following the revolution that brought Getúlio Vargas to power, and the gold convertibility experiment ended with it.
The overprint origin on P#58 base notes means condition varies significantly depending on the state of the underlying note at the time of stamping.