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20 Réis - Carlos I Pattern

Issuer Portugal
Year 1891-1899
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Technique Milled
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Obverse description Bare-headed effigy of King Carlos I of Portugal in right-facing profile, with naturalistically rendered curly hair and a clean-shaven face, set within a raised inner beaded border. The engraver's signature ALVES appears in small letters below the truncation of the bust. The surrounding legend reads CARLOS I REI DE PORTUGAL, disposed along the upper arc, with the date 1892 and a stop positioned in the lower exergual area.
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Edge Plain
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Additional information

Carlos I ascended to the Portuguese throne in 1889 inheriting a kingdom in fiscal collapse — the government defaulted on its foreign debt in 1892, and monetary reform proposals circulated continuously through the decade. This piece belongs to that planning exercise: a pattern struck to evaluate a proposed bronze denomination that was never adopted for circulation. The CNV reference places it firmly within the catalogued essay series, but surviving examples are rarely encountered outside institutional collections.

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