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| 正面描述 | Brown intaglio print on cream paper with an elaborate guilloche border framing the entire note. A central vignette depicts a seated allegorical female figure beside the Portuguese coat of arms, enclosed within an oval wreath. The issuer's title appears in a curved banner at the top, with the denomination spelled out in a cartouche below the vignette, flanked by two oval underprint panels and the numeral 20 at each corner. |
|---|---|
| 正面铭文 | 登录 以查看详情 |
| 背面描述 | 登录 以查看详情 |
| 背面铭文 | 20 |
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The Banco de Portugal's 19th-century high-denomination notes were printed by Bradbury, Wilkinson & Co. in London — a firm that handled a substantial portion of Portugal's paper currency production during this period. The 20 Mil Réis occupied the upper end of everyday commercial use, a sum roughly equivalent to several months' wages for a Lisbon laborer in the 1880s.
Portugal was still operating under the milréis system that would survive until decimalization in 1911. The watermark security at this tier reflects the period's limits — sophisticated counterfeiting was a persistent concern, and the Banco de Portugal had faced embarrassing forgery episodes in earlier decades.