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V Réis - Luíz I

Issuer Casa da Moeda de Lisboa (Lisbon Mint)
Year 1871-1874
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Reference(s) Gomes#L1 01.xx, KM#2.1-2.4
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Obverse lettering LUDOVICUS * I * DEI * GRATIA
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Mintage 1871 - Gomes # L1 01.01 - 240,000
1872 - Gomes # L1 01.02 - 700,000
1873 - Gomes # L1 01.03 - 600,000
1874 - Gomes # L1 01.04 - 1,080,000
Additional information

Portugal's copper réis coinage of the 1870s existed in a monetary system already under quiet siege — the country had adopted a bimetallic framework aligned with the Latin Monetary Union's principles without formally joining it, leaving the réis structurally awkward against the franc-based bloc. The five réis piece was the smallest practical unit in daily commerce, changing hands in markets and taverns where silver rarely reached.

The KM# 2.1 through 2.4 variants reflect sequential die modifications across the four-year run, distinguishable primarily by subtle changes to the date punches.

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