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20 000 Réis 8th. print - Chapa 8m

Issuer Banco de Portugal
Year 1906
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Value 20 000 Réis (20 000)
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Obverse lettering Vinte mil réis BANCO DE PORTUGAL VINTE MIL RÉIS OURO Lisboa, 12 de Outubro de 1906 O DIRECTOR O GOVERNADOR
(Translation: Twenty Thousand Reis Bank of Portugal Twenty Thousand Reis Gold Lisbon October 12, 1906 The Director The Governor)
Reverse description Bicolour print in blue and orange, with two helmeted allegorical figures standing at the left and right borders. The central vignette bears a portrait of Dom Afonso Henriques, first King of Portugal. The bank name and denomination are rendered in both numeral and text form, with the printer's imprint of the Estamparia do Banco de Portugal incorporated into the design.
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Comments

Banco de Portugal turned to Bradbury Wilkinson repeatedly in the late nineteenth and early twentieth centuries, and this 1906 issue is one of the firm's more workmanlike Portuguese commissions — competent intaglio, but not among the printer's most ambitious output. The "Chapa 8m" designation refers to the plate iteration rather than a distinct series, a numbering convention Banco de Portugal used to track progressive plate changes and reissues within the same fundamental design without formally retiring the note type.

The 20,000 Réis denomination sat near the top of everyday transactional values in Portugal at a time when the milréis system was already attracting criticism for its unwieldy large-number arithmetic. Within eight years this format would be obsolete — the escudo replaced the réis in 1911 at a rate of 1,000 réis to one escudo, collapsing four-digit and five-digit denominations into single-digit ones overnight.

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