Portugal 1799 - Real Erario 20000 Reis Apólice, Original Issue, No Overprint, Lisboa No. 37723
Of particular significance is the complete absence of any red fiscal overprint or validation stamp on the face. In normal administrative practice, such overprints were commonly applied after printing to confirm registration, taxation, or procedural processing. The lack of this marking identifies the present example as an administrative outlier that survived outside the standard overprint validation pathway. Among a currently visible population of comparable Portuguese apólices across denominations, the overprinted state predominates, while non-overprinted survivors are exceptional. Read more →
PortugalPublic Debt Bond179920000 ReisVery Fine Public Debt BondApolice20000 ReisPayable to BearerBlind Embossed SealMultiple Reverse SealsNo OverprintOriginal IssuePre War of the BrothersReal ErarioLisboaPortuguese Treasury FinanceRoyal Era Fiscal PaperEighteenth Century State DebtAdministrative Validation SealsFiscal Control HistorySecurity Printing HistoryPortuguese Monetary HistoryPortugal17991811Museum GradeR9 Extremely Rare
