Catalog
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| Issuer | Banco de Portugal |
|---|---|
| Year | 1854 |
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| Value | Log in to see details |
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| Composition | Paper |
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| Obverse description | Black intaglio on cream paper with ornate engraved border. Central vignette shows the Portuguese royal coat of arms flanked by two allegorical female figures. The denomination Rs 18$000 appears in four corner cartouches and along both lateral margins. Large letterpress text reads DEZOITO MIL REIS across the centre, with issue date and serial number below. |
|---|---|
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| Reverse lettering | BANCO DE PORTUGAL 18 000 Rs |
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| Comments |
The Banco de Portugal's earliest note series of the 1850s came at a moment when the institution was still consolidating its monopoly on paper money issuance — a privilege formally granted only in 1846 after its merger with the Banco de Lisboa. The 18 mil réis denomination is an oddity by any standard; fractional-feeling values like this reflect a transitional monetary arithmetic rather than any clean decimal logic.
Printed domestically at a time when most Portuguese fiduciary issues relied on foreign presses, this note is among the earlier examples of in-country production for the Banco de Portugal series.