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500 Mil Réis Thesouro Nacional, 10th. Print

Issuer Thesouro Nacional (Brazil)
Year 1911
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Composition Paper
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Obverse lettering REPUBLICA DOS ESTADOS UNIDOS DO BRAZIL NO THESOURO NACIONAL SE PAGARÁ AO PORTADOR DESTA A QUANTIA DE 500 500 QUINHENTOS MIL REIS VALOR RECEBIDO AMERICAN BANK NOTE CO., NEW YORK
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Reverse lettering REPUBLICA DOS ESTADOS UNIDOS DO BRAZIL 500
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Comments

Brazil's Thesouro Nacional relied heavily on the American Bank Note Company throughout the early Republic period, and this 500 Mil Réis belongs to a long-running series that stretched across multiple caixas — numbered print runs distinguished in the catalog by their sequential "print" designations. The 10th print falls squarely in the inflationary financing years following the Encilhamento speculation crisis of the 1890s, when successive governments kept the presses busy to service mounting public debt.

ABNC's New York workshops produced the intaglio work. The mil réis itself would survive only until 1942, when Getúlio Vargas's monetary reform replaced it with the cruzeiro at a rate of 1,000 to one.

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