5000 Réis 3rd. print

The 1891–1892 dating on this note is inseparable from Portugal's financial catastrophe of that period. The government effectively declared a partial debt moratorium in January 1892, and Banco de Portugal was simultaneously scrambling to expand the note-issuing capacity that had been constrained by earlier convertibility commitments. A third printing of an existing plate was a practical answer to urgent demand — not a planned series extension.

Pick 70 collectors should note that distinguishing this print from the first and second runs requires attention to signature combinations, which changed as successive government administrations cycled through the treasury during the crisis years.