50 Mil Reis BRA Banknote (Brazil Banknote Issue) 1932
£4.766000
1 BRL = £0.095320
50 Mil Reis Brazilian Currency (Issued 1932)
The Tesouro do Estado do Rio Grande do Sul — the Treasury of the State of Rio Grande do Sul — operated as the issuing financial authority for the southernmost state of Brazil during a period of considerable political and economic turbulence following the Brazilian Revolution of 1930. As a state-level treasury rather than a national central bank, it held the authority to issue its own promissory notes payable to the bearer, reflecting the federated fiscal structure that characterised Brazilian governance in the early twentieth century. The 1932 issue date places this note within the volatile transitional era of the Vargas government, when regional financial institutions were navigating the tension between state autonomy and growing centralisation under the new federal administration. Notes bearing the authority of Rio Grande do Sul carry particular historical weight, as the state was a principal political and military power base during the events that shaped modern Brazil.
On the front, the note is dominated by a portrait to the left of centre, engraved in fine intaglio style, depicting a formally dressed man in a dark jacket and high collar — based on the issuing authority, denomination, and period, this is consistent with a prominent figure of Rio Grande do Sul’s political or civic history, most likely Júlio de Castilhos, the influential positivist statesman who shaped the state’s Republican politics, though the worn condition of the note makes absolute confirmation from the image alone difficult; the figure remains presented in a dignified three-quarter pose with detailed facial engraving characteristic of early twentieth-century South American banknote production. The heading at the top reads “O THESOURO DO ESTADO DO RIO GRANDE DO SUL” in bold serif lettering, with a secondary line reading “PAGARÁ AO PORTADOR A DOZE MEZES DESTA DATA,” indicating this was a bearer note payable within twelve months of its date. The large denomination text “CINCOENTA MIL REIS” is prominently displayed in bold capital lettering across the upper-central portion of the note, with the numeral “50” rendered in large, heavily engraved figures at the centre, flanked by ornate guilloché rosette patterns. The serial number 140913 appears in red ink both in the upper right corner and in the lower left, alongside the series designation “SÉRIE D.” The note records its place and date of issue as “Porto Alegre, 5 de Maio de 1932,” printed in the right-hand field, and bears a flowing manuscript signature reading “Carlos de Souza” across the lower central section. The bottom margin carries the printer’s imprint referencing the “Liths. de Livraria do Globo, Porto Alegre,” confirming local production. The overall colour palette of the front is a warm olive-yellow with aged toning across the paper, and the central design field displays fine lathe-work geometric patterns surrounding the numeral “50.”
The reverse presents a richly engraved composition in dark grey-black ink on aged cream paper, centred on a detailed architectural vignette depicting a grand neoclassical public building with a colonnaded façade, a prominent central dome, and symmetrical wings — this is identifiable as the Palácio Piratini, the seat of the government of Rio Grande do Sul in Porto Alegre, or alternatively the state legislative assembly building, rendered with fine line engraving that captures window arches, roofline balustrades, and surrounding grounds. The word “THESOURO” appears in a decorative curved banner at the top of the reverse design, with “ESTADO DO RIO GRANDE DO SUL” displayed in bold lettering along the lower border. The numeral “50” is repeated in large engraved form within ornate oval cartouches positioned to both the left and right of the central building vignette, each surrounded by intricate scrollwork and guilloché border patterns. The entire reverse composition is framed by an elaborate decorative border of foliate and scrolled engraving, giving the note a dense, formal appearance typical of state treasury issues of this period. A printer’s credit in small lettering appears along the lower margin. The paper shows significant age-related wear, fold lines, and surface patination consistent with a note that has circulated, yet the engraved detail of the reverse design remains largely legible throughout.
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