Brazil 1 Cruzado Novo Banknote 1989 Overstamp On 1000 Cruzados Appraisal

Brazil 1 Cruzado Novo Banknote (1989 Overstamp on 1,000 Cruzados)

This is a Brazilian banknote issued by the Banco Central do Brasil, originally printed as a 1,000 Cruzados note but modified with a triangular overstamp to represent 1 Cruzado Novo. The note features a horizontal orientation with a dominant portrait of the renowned Brazilian writer Machado de Assis on the right side. The color palette consists of tan, purple, and green hues with intricate geometric guilloche patterns typically used for security. A notable feature is the black triangular stamp centered on the note which reads '1 CRUZADO NOVO', a historical remnant of Brazil's high inflation period and currency reform in January 1989. The serial number 'B 0016001842 A' is printed twice. The paper appears relatively crisp with sharp corners, though there is a subtle central vertical fold indicative of light circulation. There are no visible tears, heavy stains, or significant foxing, suggesting it has been well-preserved. The printing quality is high, with fine-line engraving visible in the portrait and complex background patterns designed to deter counterfeiting. It represents a specific era of South American economic history.