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50 Mil Réis Thesouro Nacional, 15th. Print

Issuer Thesouro Nacional (Brazil)
Year 1923
Type Standard circulation banknote
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Obverse description Blue on greenish-yellow underprint, executed in woodcut technique. At centre, an oval vignette encloses an allegorical seated female figure representing Livestock. Stamp, series, and order numbers are overprinted in red.
Obverse lettering 50 50 REPÚBLICA DOS ESTADOS UNIDOS DO BRASIL NO THESOURO NACIONAL SE PAGARÁ AO PORTADOR DESTA A QUANTIA DE 50 SPECIMEN 50 CINCOENTA MIL RÉIS VALOR RECEBIDO
(Translation: Republic of the United States of Brazil At the National Treasury the holder will be paid the amount of SPECIMEN Fifty Thousand Reis Amount received)
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Comments

By 1923, Brazil's Thesouro Nacional had been running successive print orders of this 50 Mil Réis type for years — the "15th. Print" designation reflects the chronic demand that outpaced the Casa da Moeda's capacity to retire older issues. Inflation pressure throughout the early 1920s kept notes like this cycling through commerce long after fresher impressions appeared.

The engraver Borges and designer F. Castro were both Casa da Moeda staff, making this an entirely domestic production — unusual enough at the time, when Brazil still regularly contracted European firms for higher-denomination work.

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