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| 正面描述 | Black letterpress print on plain paper. At top centre, two long-necked birds flank an ornate vignette enclosing an oyster and pearl motif, set within decorative frames. The main text body carries the bond obligation in period Portuguese script, and a red starburst overprint bearing the crowned cypher 'D. PEDRO IV 1826' has been applied over the underlying P#14 apólice. |
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| 正面铭文 | LISBOA No 1799 R 12$800 r s D PEDRO IV 1826 No Real Erário se há de pagar ao Portador desta Apólice de hoje a hum Anno Doze mil e oito centos Réis com o seu Competente juro. Lisboa 18 de Julho de Mil Sete Centos Noventa e Nove. Joaq José de Souza Ignácio António Ribeiro (Translation: LISBON No. 1799 R 12$800 (reis) In the Royal Treasury it will be paid to the Bearer of this Bond one year from today Twelve Thousand and eight hundred Reis With Its Earned interest. Lisbon, July 18, One Thousand Seven Hundred Ninety-Nine. Signed) |
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When João VI died in March 1826, the succession question was immediate and politically explosive. His eldest son Pedro had already declared Brazilian independence in 1822 and reigned as Pedro I of Brazil — making his position as heir to the Portuguese throne constitutionally untenable to a significant faction of the court. The solution, however temporary, was to acknowledge him as Pedro IV of Portugal while the constitutional arrangements were negotiated. This overprint simply updated existing John Prince Regent stock to reflect that dynastic reality, avoiding the cost and delay of a full new issue.
Pedro abdicated the Portuguese throne in favor of his daughter Maria within months.