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500 Mil Réis Banco do Brasil, 1st. print
| Issuer | Banco do Brasil |
|---|---|
| Year | 1923 |
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| Composition | Log in to see details |
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| Reference(s) | P#122A |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 500 BANCO DO BRASIL 500 NA SEDE DO BANCO DO BRASIL, SE PAGARÁ AO PORTADOR DESTA DE ACCORDO COM A LEI N.4635 A DE 8 DE JANEIRO DE 1923. A QUANTIA DE 500 500 500 QUINHENTOS MIL REIS 500 500 500 500 (Translation: Bank of Brazil — at the headquarters of Banco do Brasil, will be paid to the bearer hereof in accordance with Law No. 4635-A of 8 January 1923, the sum of Five Hundred Mil Réis) |
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| Variants | P#122A - issued note P#122Ar - remainder |
| Comments |
The Banco do Brasil's relationship with the American Bank Note Company ran through most of the early republic period, and by 1923 ABNC was producing the bulk of Brazil's higher-denomination paper. This 500 Mil Réis belongs to a series issued during chronic monetary instability — the milréis had been depreciating against sterling and the dollar for years, and denominations at this level were genuinely workhorse notes rather than prestige issues, despite the elaborate intaglio work ABNC applied to them.
The "1st. print" designation distinguishes it from later orders placed with the same printer, which show subtle differences in plate wear and ink density. Pick 122A is the scarcer of the printings.