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5.000 Reis

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正面铭文	BANCO NACIONAL ULTRAMARINO AGAVE AGENCIA DE S. THOME COLONIAS COMMERCIO AGRICULTURA Nº 26450 5$000 O Thezoureiro da Sucursal em LOANDA pagará á vista ao Portador CINCO MIL REIS em moeda forte Valor recebido Lisboa 1º de Janeiro 1868 CINCO MIL REIS Os Gerentes O Governador
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防伪描述	Engine-turned lathe-work guilloche border running along the perimeter of the note; bank name repeated vertically in side panels as an ornamental underprint.
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备注	Banco Nacional Ultramarino was chartered in 1864 specifically to serve Portugal's overseas territories, and this 1868 issue is among the earliest notes the bank produced. Whether it circulated in metropolitan Lisbon or was shipped to one of the colonial branches — Mozambique, Angola, Cape Verde — is not always clear from surviving examples, as the same plates served multiple destinations with overprints or manuscript annotations applied as needed. Pick 2 is genuinely rare. The guilloche border was the primary anti-counterfeiting measure at a time when photographic reproduction was becoming a real concern for note issuers across Europe.