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50 Mil Reis
| Issuer | Banco de Portugal |
|---|---|
| Year | 1905 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 193 × 120 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is printed in blue and pink, with an ornate guilloche border of interlocking floral and geometric motifs framing the entire note. The Portuguese Royal Coat of Arms with crown appears within a decorative cartouche at the left. A large watermark window occupies the upper right field, set against a fine pink guilloche underprint carrying the large numeral '50' and the denomination legend in a central cartouche. Denomination numerals '50' appear in each corner within circular guilloche medallions. |
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| Protection type | Watermark |
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| Comments |
Pick 14 is one of the last issues to come from the Banco de Portugal's own in-house printing operation before the bank moved toward contracting external specialists for subsequent series. Printing notes domestically gave the bank direct control over plate security but left the finished product technically behind what British and French trade printers were producing at the time — a tradeoff the bank's board had debated for years.
The 50 Mil Reis denomination placed this note firmly in high-value commercial and interbank use; ordinary retail transactions rarely saw it. Survival rates reflect that — notes that circulated at this level were handled carefully, but redemption sweeps in later decades claimed most of them.