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500 Mil Réis Thesouro Nacional, 9th. Print

Issuer Thesouro Nacional (National Treasury of Brazil)
Year 1907
Type Specimen
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Obverse description Printed in black intaglio over a polychrome lithographic underprint, the obverse carries two allegorical vignettes: at left, Mars, the god of war, rendered as an armoured male figure, and at right, Peace as a draped female allegorical figure. Serial and print numbers appear in black, with the order number in red, flanking the central text panel.
Obverse lettering 500 500 REPÚBLICA DOS ESTADOS UNIDOS DO BRAZIL NO THESOURO NACIONAL SE PAGARÁ AO PORTADOR DESTA A QUANTIA DE 500 QUINHENTOS MIL RÉIS VALOR RECEBIDO SPECIMEN AMERICAN BANK NOTE COMPANY, NEW YORK
(Translation: Republic of the United States of Brazil At the National Treasury the holder will be paid the amount of Five Hundred Thousand Reis Amount received SPECIMEN American Bank Note Company, New York)
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Comments

Brazil's Thesouro Nacional leaned heavily on the American Bank Note Company throughout the early Republic period, and this 9th Print 500 Mil Réis is one of the longer-running note types in that relationship — the same basic plate design was recycled across multiple emissions spanning years, with successive prints distinguished primarily by subtle signature combinations and series letters rather than any redesign.

The Mil Réis was abolished in 1942 when Vargas introduced the Cruzeiro, but by 1907 the denomination itself was already under pressure from inflation that had been grinding since the Encilhamento speculation crisis of the early 1890s. A 500 Mil Réis note was meaningful money, not pocket change.

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