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10 000 Escudos 2nd. print

Issuer Banco de Portugal
Year 1996-1998
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Value 10 000 Escudos (10 000 PTE)
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Obverse description Violet and dark brown intaglio printing over a multicolour underprint with intricate guilloche patterns. A portrait vignette of Infante Dom Henrique (Prince Henry the Navigator) appears at right, with the Portuguese Coat of Arms at centre. The note is identified as Chapa 2 and carries six signature varieties.
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Reverse lettering 10000
BANCO DE PORTUGAL
TALANT DE BIAN FAIRE
DEUS QUER E O HOMEM SONHA - A OBRA NASCE
DEUS QUIS QUE A TERRA FOSSE TODA UMA
QUE O MAR UNISSE JÁ NÃO SEPARASSE
SAGROU-TE E FOSTE DESVENDANDO A ESPUMA.
FERNANDO PESSOA - MENSAGEM
10000
(Translation: Bank of Portugal / Desire to do good / God wants and man dreams - the work is born / God wanted the Earth to be wholly one / That the sea would unite, no longer separate / You were crowned and went unveiling the foam. / Fernando Pessoa - Message)
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Comments

The 10,000 Escudo denomination was the highest face-value note in regular Portuguese circulation before the escudo was superseded by the euro in 2002. This second printing of Pick 191 was produced in the final years before the transition, when the Banco de Portugal was effectively winding down the escudo series rather than developing it — which makes the continued high-denomination printing a practical necessity driven by inflation-adjusted demand rather than any design initiative.

The watermark security on this series was considered adequate for its time but was already outpaced by contemporaneous European security printing standards as the ECB was finalizing euro note specifications.

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