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| 正面铭文 | LISBOA No 1799 R 10$000 r s D PEDRO IV 1826 No Real Erário se há de pagar ao Portador desta Apólice de hoje a hum Anno Dez mil Réis com o seu competente juro. Lisboa 26 de Julho de Mil Sete Centos Noventa e Nove. Joaq José de Souza Ignácio António Ribeiro (Translation: LISBON No 1799 R 10$000 (reis) In the Royal Treasury it will be paid to the Bearer of this Bond one year from today Ten Thousand Reis With Its Earned interest. Lisbon, July 26, One Thousand Seven Hundred Ninety-Nine. Signed) |
| 背面描述 | Plain paper reverse bearing eight circular royal validation stamps, each with a crowned Portuguese coat of arms at centre and a date legend around the circumference, ranging from 1802 to 1812, applied at successive intervals to record annual interest payments or renewals; two handwritten ink signatures are also present in brown ink across the face. |
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This note belongs to a fiscally improvised moment in Portuguese monetary history. When Pedro IV briefly held the throne in 1826 before abdicating in favor of his daughter Maria, the Royal Treasury needed to update existing note stock without commissioning a new print run. The solution was an overprint — a pragmatic and relatively common expedient for the period, but one that makes provenance and condition assessment particularly demanding, since worn overprints can be mistaken for forgeries or vice versa.
The underlying note, P#13, was a John Prince Regent issue from the earlier constitutional period. Layering Pedro IV's designation onto circulating stock of his own father's notes carries an accidental dynastic irony that no one at the Real Erário was likely thinking about.