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1000 Reis

Issuer Banco Nacional Ultramarino
Year 1906
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Value 1000 Réis
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Obverse description A standing African male figure occupies the left margin, flanked by the denomination numeral "1000R" and a central vignette of a steamship at sea within an oval frame, above which the bank's coat of arms appears beneath the arched title "BANCO NACIONAL ULTRAMARINO". Three allegorical labels — "COLONIAS", "COMMERCIO", and "AGRICULTURA" — are distributed across the lower register, with denomination panels "R.1000" repeated at upper right. The text of the promise to pay is set in letterpress below, dated Lisboa, 20 de Fevereiro de 1906, with two manuscript signatures and an embossed dry seal at lower right.
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Reverse description The reverse is printed in a pale yellow-green tone and carries a large guilloche underprint centred on the denomination "1500R" within an ornate frame, with the bank name "BANCO NACIONAL ULTRAMARINO" arched above and decorative corner devices at each angle. The overall design is spare, relying on the guilloche network and repeated bank name lettering as the primary anti-counterfeiting elements.
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Comments

Banco Nacional Ultramarino occupied an unusual position in Portuguese finance — it held the note-issuing monopoly not for metropolitan Portugal but for the overseas territories, a mandate originally granted in 1864 that gave the bank remarkable autonomy across a scattered colonial empire. This 1906 issue would have circulated in one of those territories, with the specific destination determined by overprint or branch designation rather than the base design itself.

The embossed seal was a deliberate anti-counterfeiting measure at a time when lithographic forgery of colonial notes was a genuine concern in lower-denomination series. Worth checking which territory's branch authorized this particular example.

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