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50 Réis Casa da Moeda
| Issuer | Casa da Moeda de Portugal |
|---|---|
| Year | 1891 |
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| Currency | Real (decimalized, 1835-1910) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | CASA DA MOEDA BRONZE CINCOENTA REIS BRONZE LISBOA 6 DE AGOSTO DE 1891 Serie D.z Serie D.z O DIRECTOR 50 (Translation: Portuguese Mint / Bronze Fifty Reis Bronze / Lisbon, 6th of August of 1891 / Series D.z / The Director / 50) |
| Reverse description | Log in to see details |
| Reverse lettering | 50 REIS (Translation: 50 / Reis) |
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| Comments |
Portugal's 1891 fiscal year opened with a currency crisis that had been building since the late 1880s, driven by chronic government deficits and a collapse in Brazilian trade revenues — Brazil had been the lifeline of the Portuguese economy for generations. When the Banco de Portugal suspended convertibility in May 1891, the scramble for small change was immediate. Silver fractional coins disappeared from circulation almost overnight, hoarded or exported, and the government turned to the Casa da Moeda to produce emergency paper substitutes at the lowest denominations.
This 50 Réis note is a direct product of that hoarding panic. Printed in-house by the mint itself rather than contracted abroad, production speed mattered more than sophistication.