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50 Mil Réis State Bonus, Series F

Issuer Tesouro do Estado do Rio Grande do Sul
Year 1934
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In circulation to 1935
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Reverse description Printed in brown on plain paper, the reverse carries a central architectural vignette of the Rio Grande do Sul State Treasury building, rendered in fine lithographic detail with its colonnaded neoclassical façade. Denomination numerals '50' appear within ornate guilloche rosettes at left and right, flanking the central vignette. The state name is inscribed in a bold serif banner along the lower border, with the printer's imprint in small text at the bottom margin.
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Protection type Watermark
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Comments

Rio Grande do Sul's state treasury issued its own paper currency well into the republican period, a practice that reflected the unusual degree of fiscal autonomy Getúlio Vargas's home state had carved out before his 1930 rise to power. By 1934, that autonomy was already being wound down under the centralizing pressure of the Estado Novo's precursor policies — making the Series F emissions among the last of their kind from any Brazilian state treasury.

Lithografia da Livraria do Globo was a Porto Alegre commercial printer, not a security printing specialist. The watermark is the only real concession to anti-counterfeiting, which says something about the note's intended circulation environment.

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