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20 000 Reis - Miguel I Overprint on P#15 - John Prince Regent
| Issuer | Real Erário (Royal Treasury), Portugal |
|---|---|
| Year | 1828 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | LISBOA No 179_ R 20$000 rs No Real Erario se hade pagar ao Portador desta Apolice de hoje a hum Anno Vinte mil Reis Com o Seu Competente juro. Lisboa __ de ___ de Mil Sete Centos Noventa e ___. João José de Souza Ignácio Antonio Ribeiro D Miguel I - 1828 (Translation: Lisbon In the Real Erario, it was necessary to pay the Bearer of this Policy from today to one Year Twenty thousand Reis With His Competent interest. Lisbon __ of ___ of One Thousand Seven Hundred Ninety-__.) |
| Reverse description | Plain paper reverse, largely blank but bearing approximately eight circular validation stamps in black ink, each containing a crowned Portuguese royal arms at centre surrounded by a month name and a date (years ranging from 1802 to 1807), applied at successive renewal intervals. Handwritten annotations in brown ink are also present. |
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| Comments |
When Miguel I seized the Portuguese throne in 1828 and declared himself absolute king, the existing stock of João VI-era treasury notes required immediate political neutralization. Rather than print new currency from scratch, the Real Erário simply overstamped circulating 20,000 Réis notes from the João VI Regent series — a cheap, fast solution that also signaled administrative continuity while erasing the prior reign's nominal authority from the paper in use.
The overprint practice makes condition assessment complicated: the underlying note and the stamp aged at different rates, and the ink adhesion on the applied text was often inconsistent, leading to partial transfers that are sometimes mistaken for forgeries.