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500 Mil Réis Thesouro Nacional, 11th. Print

Issuer Thesouro Nacional do Brazil
Year 1917
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Value 500 000 Réis (500 000)
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Obverse description Lithograph in black on polychrome underprint. The left portion carries a white medallion reserved for the watermark portrait of Barão do Rio Branco, while the right side bears the Arms of the Republic. A central white panel is reserved for the watermark inscription '500 MIL RÉIS'. Print and serial numbers appear in black, with the order number in red.
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Reverse lettering REPÚBLICA DOS ESTADOS UNIDOS DO 500 BRAZIL
(Translation: Republic of the United States of Brazil)
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Comments

The 11th Print designation within this series reflects Brazil's chronic dependence on European printers well into the twentieth century — domestic banknote production capacity remained inadequate, and the Fabriano mill, one of Italy's oldest papermaking operations, supplied both the substrate and the finished notes. Wartime shipping across the Atlantic during 1917 was genuinely dangerous, and consignments printed in Italy would have moved through submarine-contested waters to reach Rio de Janeiro.

The watermark is the sole security feature, modest by the standards of the period but consistent across the series.

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