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1000 Réis 1st. print
| Issuer | Banco de Portugal |
|---|---|
| Year | 1891 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | MIL RÉIS BANCO DE PORTUGAL 1000 MIL RÉIS PRATA Lisboa 1 de Julho de 1891 O DIRECTOR PELO GOVERNADOR BANCO DE PORTUGAL (Translation: Thousand Reis Bank of Portugal 1000 Thousand Reis Silver Lisbon, July 1, 1891 The Director For the Governor Bank of Portugal) |
| Reverse description | Red-orange on pink wavy-line underprint. The entire field is filled with a large symmetrical lathe-work composition of engine-turned guilloche rosettes, star and lozenge ornaments, and scrollwork, centred on an oval cartouche bearing the Portuguese crowned coat of arms. Denomination numerals 1000 appear in each of the four corners within small guilloche panels, the whole enclosed by a uniform fine border. |
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| Comments |
Portugal's monetary position in 1891 was precarious enough that the government suspended gold convertibility in May of that year — a decision forced by a severe balance-of-payments crisis and the near-collapse of the Banco de Portugal's reserves. This note entered circulation inside that crisis, not before it.
The "1st. print" designation matters here: subsequent printings of the same Pick type show subtle but documentable differences in paper stock and ink saturation, and the first printing is the scarcer of the series.