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500 Mil Réis Banco Nacional do Brazil, overprinted on P# A249
| Issuer | Banco Nacional do Brazil |
|---|---|
| Year | 1890 |
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| Value | 500 000 Réis (500 000) |
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| Obverse description | Intaglio and lithographic print in black on a polychrome underprint, reusing the fifth-issue design of the National Treasury (P# A249). The central field carries an oval portrait medallion of Emperor D. Pedro II, flanked at right by an allegorical commerce vignette and at left by the Arms of the Empire; three overprint legends read 'BANCO NACIONAL DO BRAZIL NO RIO DE JANEIRO', 'NA THESOURARIA DESTE BANCO', and 'EM OURO E À VISTA', with print and series numbers in black and the order number in red. A cancellation perforation bearing 'BANCO NACIONAL DO BRAZIL - RIO DE JANEIRO - PAGO' runs across the note. |
|---|---|
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| Reverse lettering | 500 IMPÉRIO DO BRASIL 500 AMERICAN BANK NOTE CO., NEW YORK (Translation: Empire of Brazil American Bank Note Co., New York) |
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| Comments |
The Banco Nacional do Brazil was a short-lived institution, created in 1890 under the Encilhamento — the speculative financial boom engineered by Finance Minister Rui Barbosa that flooded Brazil with paper money and new banking licenses. The bank was authorized to issue notes as part of that policy, and rather than commission entirely new printings, existing American Bank Note Company stock for earlier issues was overprinted to create the new series. P#A249 was the underlying note repurposed here.
The Encilhamento collapsed badly. By 1892 the bubble had burst, and the Banco Nacional do Brazil did not survive the decade.