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500 Mil Réis State Bonus, Series E

Issuer Tesouro do Estado do Rio Grande do Sul
Year 1933
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Currency Real (1799-1942)
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Obverse description Black on multicolour underprint. An oval portrait vignette of Pinheiro Machado appears at the left, framed by ornate scrollwork, with his name captioned below. The denomination "QUINHENTOS MIL RÉIS" is set in bold lettering at centre, flanked by guilloche panels bearing the numeral "500" at each lateral border, with the series letter and serial number in red at upper right and lower left.
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Reverse description Black-brown on plain paper. A detailed architectural vignette of the State Treasury building occupies the centre, rendered in fine lithographic line work with classical columns and a glazed roof pavilion visible behind the façade. The numeral "500" appears in diamond-shaped guilloche cartouches at left and right, with ornate lace-pattern borders framing the entire design, and the issuer inscription set in a banner at the foot.
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Comments

The Tesouro do Estado do Rio Grande do Sul issued these state bônus as quasi-currency during the early 1930s, a period when Rio Grande do Sul's political relationship with the federal government was openly adversarial. Getúlio Vargas had risen from the state's governorship to seize national power in 1930, and the regional financial apparatus he left behind operated with considerable autonomy — these instruments reflect that independence rather than any breakdown in federal monetary control.

Printed locally by the Livraria do Globo press in Porto Alegre, the note never left the regional supply chain in either production or intended circulation. Series E suggests multiple emission rounds, though precise mintage figures for individual series are not well documented.

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