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500 Mil Réis Banco dos Estados Unidos do Brazil, 1st. Print
| Issuer | Banco dos Estados Unidos do Brazil |
|---|---|
| Year | 1890 |
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| Composition | Log in to see details |
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| In circulation to | 1901 |
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| Obverse description | Black ink on polychrome lithographic underprint; an allegorical vignette of Freedom appears at the right, a sailing vessel at sea occupies the left vignette, and a standing allegorical figure of Justice is centered. Series and print numbers are rendered in black, with the order number printed in red. |
|---|---|
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| Reverse description | Green lithographic print over a Marajoara-style geometric underprint; the central panel presents a panoramic view of the Docks and Arsenal of Rio de Janeiro. Denomination numerals occupy each corner, and the printer's imprint is set at the lower margin. |
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| Comments |
The Banco dos Estados Unidos do Brazil was one of several large private banks empowered to issue currency under the Encilhamento — the speculative credit boom that followed the proclamation of the Brazilian Republic in 1889. The government's decision to grant broad note-issuing privileges to multiple regional and national banks simultaneously flooded the economy with paper, fueling wild speculation and ultimately contributing to a severe inflationary crisis by the early 1890s.
ABNC produced the plates in New York, standard practice for major Brazilian issuers of the period who lacked domestic intaglio capacity. The "1st. Print" designation matters here: subsequent print runs for this series exist, and the differences are subtle enough to catch collectors off guard.