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2.5 Mil Reis
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1909 |
| Type | Standard circulation banknote |
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| Obverse description | Central intaglio portrait vignette of a bearded male figure in a dark oval frame, with a sailing ships vignette at right. Red circular steamship seal (Type III) at lower centre. BOLAMA overprint in red at upper left. Date line reads LISBOA 1 de MARÇO de 1909. |
|---|---|
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| Protection type | Seal |
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| Comments |
The Banco Nacional Ultramarino, chartered in Lisbon in 1864, held the monopoly on note issuance across Portuguese overseas territories for decades — this note was almost certainly intended for circulation in one of those colonial possessions rather than metropolitan Portugal, though the specific territory isn't always distinguishable from the face of the P#2A series alone. Bradbury, Wilkinson & Company had by 1909 established themselves as the dominant British security printer for colonial and smaller-nation issuers, and their intaglio work on low-denomination colonial notes of this period is generally clean and technically accomplished.
The 2.5 Mil Reis denomination is an awkward fractional unit — a quarter of the standard 10 Mil Reis — suggesting this was produced to fill a specific transactional gap in a territory where coinage was scarce or unreliable.