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500 Réis Thesouro Nacional, 3rd. Print

Issuer Tesouro Nacional do Brasil
Year 1893-1899
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Printer American Bank Note Company, New York, United States
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Obverse description Black intaglio on yellow lithographic underprint. At right, a classical vignette of Minerva in bust portrait, wearing a crested Spartan helmet; at left, a seated female allegorical figure with a sheep at her side. Denomination and issuing authority inscribed in multiple registers across the face.
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Reverse description Printed in sepia intaglio. The upper portion carries the two-line legend of the issuing authority, while the central field presents the numeral denomination "500" repeated three times in a horizontal arrangement, framed by fine lathe-work borders.
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Comments

Brazil's Tesouro Nacional turned to the American Bank Note Company for this series at a politically turbulent moment — the country had just abolished the monarchy in 1889 and was navigating the early, unstable years of the First Republic. Federal finances were badly strained, and the treasury notes issued under these conditions were utilitarian instruments of necessity, not confidence.

The designation "3rd Print" distinguishes it within Pick 1, reflecting successive print orders placed with ABNC across the 1893–1899 window as demand and political circumstances shifted. Differentiating prints within this reference typically requires examination of serial number ranges and minor typographic variations.

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