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500 Mil Réis Banco do Brasil, Provisional Issue

Issuer Banco do Brasil
Year 1923
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Size 192 × 91 mm
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Obverse description Sepia on ochre ground, printed in xylography, reusing the plate of the 13th issue of the Thesouro Nacional (P#90). A central oval vignette presents a steam locomotive in motion alongside a seated male figure, flanked on either side by large ornate letter "D" numerals representing 500 in Roman notation. Print, serial, and order numbers are rendered in red, and a red "SPECIMEN" overprint is applied diagonally across the face.
Obverse lettering 500 500 REPÚBLICA DOS ESTADOS UNIDOS DO BRASIL NO BANCO DO BRASIL SE PAGARÁ AO PORTADOR DESTA, DE ACORDO COM A LEI Nº 4635 DE 8 DE JANEIRO DE 1923, A QUANTIA DE 500 QUINHENTOS MIL RÉIS 500 VALOR RECEBIDO CASA DA MOEDA - RIO SPECIMEN
(Translation: Republic of the United States of Brazil in the Banco do Brasil in accordance with Law no. 4635 of January 8, 1923, the amount of Five Hundred Thousand Réis Amount received Casa da Moeda - Rio Specimen)
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Comments

Brazil's Banco do Brasil notes of the early 1920s were frequently provisional in the most literal sense — existing stock was overprinted or modified rather than replaced outright, largely because Casa da Moeda lacked the capacity to keep pace with the inflationary pressures following World War One and the subsequent commodity slump that hit Brazilian coffee revenues hard. This particular provisional issue reflects that institutional scramble.

Pick 110 is among the less documented entries in the Banco do Brasil provisional series, and genuine examples with clear overprint impressions are more elusive than catalog frequency might suggest.

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