5 Réis - Carlos I

Portugal's Azorean coinage in the early twentieth century occupied an awkward administrative position — the islands were constitutionally integrated into Portugal proper, yet continued issuing distinct regional bronze well into Carlos I's reign. This 1901 piece is the sole date for the type under Carlos I, minted in Lisbon for circulation across the archipelago at a time when the monarchy was already under serious political strain; Carlos would be assassinated in Lisbon in 1908.