Portugal 1799 - Real Erario 20000 Reis Apólice, Original Issue, No Overprint, Lisboa No. 37723
This example belongs to the original issue phase of Portuguese treasury apolices and predates the period commonly associated with the War of the Brothers. It was produced under stable royal administration as part of the established pre-war fiscal system. That context is important: later conflict-period instruments frequently show different validation practices, heavier fiscal markings, and systematic overprinting linked to wartime controls. Read more →
pre-war
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 RareTreasury BondShort-Term Treasury BondOne-Year MaturityInterest-Bearing DebtCirculating Treasury PaperFiduciary Paper MoneyEarly Portuguese Paper MoneyCirculating Public DebtGovernment Debt InstrumentPublic Loan InstrumentTreasury BillShort-Term Government DebtOne-Year Treasury InstrumentBearer Treasury NotePortuguese Paper MoneyEarly Paper CurrencyRoyal Treasury NoteInterest-Bearing Treasury NoteState Debt PaperCirculating Government DebtHistoric Treasury InstrumentGovernment BondSovereign DebtRoyal Treasury BondTreasury DebtBearer BondGovernment Paper MoneyCirculating BondPublic Debt InstrumentPortuguese Government DebtPortuguese Treasury BondPortuguese Treasury Bill18th Century Paper Money18th Century Government DebtEarly Government PaperHistoric Public DebtRoyal Erario BondReal Erario ApolicePortuguese Apolice1799 Portugal1799 Treasury Bond1799 Treasury Bill20000 Reis Apolice20000 Reis Treasury Bond20000 Reis Treasury Bill
