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500 Mil Réis Banco do Café, Mortgage bills
| Issuer | Banco do Café |
|---|---|
| Year | 1929 |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Printed in sepia by lithography. The reverse is dominated by a structured table of forty interest coupons arranged in a grid, each indicating the payment value in Réis and the corresponding due month. The caption BANCO DO CAFÉ – SÃO PAULO heads the table, while a redemption notice runs beneath it, and the printer's imprint appears at the foot of the note. |
| Reverse lettering | BANCO DO CAFÉ - SÃO PAULO OS JUROS SERÃO PAGOS Á VISTA DESTA EM JANEIRO E JULHO DE CADA ANNO NA SÉDE E AGENCIAS DO BANCO DO CAFÉ. AMERICAN BANK NOTE COMPANY. (Translation: Bank of Coffee - São Paulo Interest will be paid upon presentation in January and July of each year at the Head Office and Branches of the Bank of Coffee. American Bank Note Company.) |
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| Comments |
The Banco do Café was a São Paulo state institution created specifically to finance coffee valorization — the Brazilian federal and state policy of buying up surplus coffee stocks to prop up world prices. By 1929 that entire edifice was collapsing. The New York crash in October of that year destroyed export credit precisely as this note was in circulation, and the bank itself did not survive the political upheaval that followed Vargas's seizure of power in 1930.
ABNC printed the series in New York, consistent with Brazil's heavy reliance on that firm throughout the First Republic period. The "mortgage bills" designation reflects the note's underlying security structure — coffee warehouse receipts and agricultural liens, not federal guarantee.