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Collection - Coins and Notes - Diário de Notícias #31 20 000 Reis
| Issuer | Banco de Portugal |
|---|---|
| Year | 1876 |
| Type | Replica banknote |
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| Obverse description | Central oval vignette with a portrait of a uniformed dignitary, flanked by guilloche panels bearing the denomination 20$000 in ornate cartouches. The issuer title BANCO DE PORTUGAL arches across the top beneath a royal crown, with the branch designation NA AGENCIA DE S. MIGUEL and date Lisboa 30 de Agosto 1876 inscribed below. Two manuscript signatures appear at foot, with perforated cancellation holes across the centre. |
|---|---|
| Obverse lettering | 20$000 BANCO DE PORTUGAL VINTE MIL REIS A DIRECÇÃO DO BANCO DE PORTUGAL PAGARÁ À VISTA AO PORTADOR NA AGENCIA DE S. MIGUEL em moeda de valor recebido OURO PRATA 01635 Lisboa 30 de Agosto 1876 Barros Gomes |
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| Comments |
Banco de Portugal's 20,000 Réis denomination was among the highest-value notes in circulation during the 1870s — a sum representing weeks of wages for most Portuguese workers, which meant these notes moved primarily between merchants, tax offices, and the bank itself rather than through ordinary retail trade. Heavy institutional use combined with low print runs at this tier of the currency has made surviving examples genuinely uncommon.
The 1876 dating places this note within a period of chronic Portuguese fiscal strain following the costly infrastructure borrowing of the liberal regeneration governments. The Banco de Portugal held a contested note-issuing monopoly at the time, still disputed by provincial banks.