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100 Réis Casa da Moeda

Issuer Casa da Moeda de Portugal
Year 1891
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Shape Rectangular
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Obverse lettering CASA DA MOEDA
Bronze CEM RÉIS Bronze
Lisboa 6 de agosto de 1891
O DIRECTOR
Serie C.n
(Translation: Portuguese Mint / Bronze Hundred Réis Bronze / Lisbon, 6 August 1891 / The Director / Series C.n)
Reverse description Printed in pale gray overall, the reverse is covered by a finely executed repetitive guilloche lattice underprint pattern filling the entire field within a plain ruled border. The word BRONZE is printed in letterpress across the center, surrounded by numerals and letters forming a decorative typographic background.
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Comments

The Casa da Moeda — Portugal's mint — stepping into the role of banknote issuer in 1891 was itself a symptom of crisis. That year, Portugal effectively defaulted on its foreign debt, suspending convertibility and triggering a scramble for low-denomination fiduciary currency as silver coin disappeared from circulation. These 100 Réis notes were a direct response to that hoarding, intended to plug the void left by vanishing fractional coinage.

Self-printed by the issuing authority with no commercial security printer involved, the series has long attracted scrutiny over its relatively modest technical execution — a consequence of the mint's lithographic limitations at the time.

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