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| 正面描述 | Brown letterpress apólice on plain paper, with four small vignettes arranged across the upper portion — goats and birds at upper left, chickens and lions at upper right. The text body carries the denomination and obligation terms in period Portuguese script. A red crowned overprint reading 'D. MIGUEL I – 1828' within a starburst pattern was applied at the time of Dom Miguel's accession, converting this original João Prince Regent apólice (P#11, dated 7 June 1799) into a circulating Miguelist issue. |
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| 正面铭文 | LISBOA No 1799 R 10$000 rs D MIGUEL - 1828 No Real Erario se hade pagar ao Portador desta Apolice de hoje a hum Anno Cinco mil Reis Com o Seu Competente juro. Lisboa 7 de Junho de Mil Sete Centos Noventa e Nove. João José de Souza Ignácio Antonio Ribeiro (Translation: Lisbon In the Real Erario, it was necessary to pay the Bearer of this Policy from today to one Year Five Thousand Reis With His Competent interest. Lisbon June 7, One Thousand Seven Hundred Ninety-Nine. Joaquim José de Souza Ignacio Antonio Ribeiro) |
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When Dom Miguel seized the throne in 1828 and declared himself absolute king, the existing stock of João VI-era notes required legitimization under the new regime. Rather than commission a fresh print run, the Real Erário applied an overprint to leftover P#11 sheets — a fiscally practical solution that also carried unmistakable political weight. The overprint effectively erased the constitutional interregnum and reasserted Miguelite authority over the currency without the delay or expense of new plates.
Surviving examples are uncommon. Miguel's reign ended in 1834 with his forced abdication, and notes associated with his government were not preserved with any particular care afterward.