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20 000 Reis - Miguel I Overprint on P#7 - John Prince Regent
| Issuer | Real Erário (Royal Treasury of Portugal) |
|---|---|
| Year | 1828 |
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| Currency | Real (1517-1835) |
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| Obverse description | Letterpress-printed in black on white paper, the face of this apólice is structured around a horizontal row of four square-framed vignettes across the upper portion. The body carries the full handwritten and typeset text of the original 1798 issue in the name of João Prince Regent, over which a red crowned starburst cartouche bearing the legend "D. Miguel I - 1828" has been applied as a validation overprint authorising the note for circulation under the Miguelite regime. The denomination of 20$000 Réis and issuing authority appear within the printed text block. |
|---|---|
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| Reverse description | The plain paper reverse carries two manuscript signatures alongside seven circular official stamps impressed in black ink, each displaying the Portuguese royal arms surmounted by a crown. The stamps are individually inscribed with sequential month and year dates ranging from 1802 to 1806, applied at successive intervals to document the note's extended period of active circulation. |
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| Comments |
When Miguel I seized the Portuguese throne in 1828 and declared himself absolute king, the liberal constitutional notes already in circulation became a political liability. Rather than printing an entirely new series, the Real Erário overprinted existing stock — in this case notes from the João (John) Prince Regent issue — with markings asserting Miguelist authority. The overprint was a fiscal expedient, but also a deliberate act of symbolic erasure.
Pick 45 is among the more historically loaded Portuguese overprint types. Forged Miguelist overprints on legitimate earlier notes are a known problem with this series.