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1000 Réis

Issuer Banco Nacional Ultramarino
Year 1878-1890
Type Standard circulation banknote
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Obverse description A central letterpress vignette of a sailing ship printed in red-brown ink occupies the middle register, flanked on either side by oval denomination cartouches reading RS1$000. The bank title BANCO NACIONAL ULTRAMARINO arches across the upper margin in bold serif lettering, with the denomination MIL REIS set within a shaded rectangular panel below the ship vignette. The lower portion carries manuscript text referencing the Lisbon issue date and the Tesoureiro da Sucursal em Loanda, completed by handwritten signatures of bank officials.
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Reverse description The reverse is entirely plain, with no printed design, text, or decorative elements, consistent with the early Portuguese colonial issue practice for this series.
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Comments

The Banco Nacional Ultramarino, founded in 1864, held a monopoly on note issue across Portugal's overseas territories, but this particular 1000 Réis issue circulated domestically in metropolitan Portugal — an unusual arrangement reflecting the bank's hybrid role as both a colonial and a mainland institution during the period when the Banco de Portugal had not yet consolidated exclusive issuing rights.

The series ran across more than a decade, which means specimens carry date ranges that can complicate precise attribution. Notes from the earlier part of the run predate significant reforms to Portuguese banking law in the 1880s.

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