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Nice example!

Interesting!

Friend just came back from a trip to Cuba and brought back a set of Cuban Pesos. Cuba has gotten rid of the Convertible Pesos so now it is National Pesos or US Dollars.

Cuba 131 2022 500 Pesos

Great pick up ShareBear! And nice to know it filled a missing place in your collection. People often forget that its not just the # issued but the # of notes kept by collectors (in higher grades) as well as demand that determine a note's BV (& desirability). The 2 Rupees was a "workhorse" & as such hard to get in any decent condition. I love the notes from Ceylon as the KGVI & QEII (& later) designs really reflect some amazing Unesco world heritage sites plus the cultural artefacts.



I also am a big fan of Cuban notes & this one I forgot to post here. It's P-121c (the most common variety) but at least its in nice UNC condition:

After whining to Walk to Water that my note didn't come, he told me to breath and it came that day. The moral of this lesson is that Walk 2 Water makes notes appear in your mailbox. So everyone email him when they are late.

Prior to the creation of the Bank of Portugal (comparable to the federal reserve banks) the holder of wealth was the imperial treasury. While there were banks in Lisbon, Porto and some of the large cities, the Imperial Treasury held out much of its money.

As the monarchy at times operated at a deficit it had to borrow money, this especially occurred during the Portuguese civil war in which the absolutists and the republicans tried to establish a new way of governing.

As the Imperial Treasury needed specie, they released promissory notes (like the US did in 1812). The note reads:

"At the Imperial Treasury, we will pay the holder of this note in 1 year with interest from the date of July 12, 1799, ten thousand reis"

The interesting part was that this note was actually reissued in 1826 (the red overprint is from D. Miguel I -1828 or D. Pedro-1826) to support the "War of 2 Brothers" about royal succession (D. Pedro IV or D. Miguel). D. Pedro IV won the war but died out with the death of the deposed king Manuel in the 1930's. The Miguel line is now considered the true kings of Portugal.

All of the notes stamped canceled and many or in very poor shape considering the wear and age and also the paper is very flimsy.

I was happy to find this, based on condition, I think it would grade F12, which is about as good as you get these notes in. The ones at the Museum of Money in Lisbon are in the VF range.

Jeez, I wish I had that kind of pull on the postal service but they ignore me just as much as you!

Very interesting note. Amazing that it was re-issued. The stamped back also seems to tell a story. Great piece of history! Congrats!

Next note, the major issue with these is that in 1942 1000$00 was a lot of money and these were used. In 1942 Portugal was "officially" neutral but it also wasn't , for example it let the US build an air force base in the Azore and it would let Britain buy supplies using Pounds while Germany had to pay with gold. But as a neutral country Lisbon was a hot bed of espionage, bribery and the blackmarket. The Portuguese Escudo was so desired that its value went from 27$50 to USD to 25$00 to USD in 1940. Going to 28$75 in 1949. Based on the Exchange Rate this note was worth $40 in 1942. Considering the GDP being around 6000$00 escudos this note was 1/6 of the yearly GDP.

The reason many of these were printed was that Portugal was also a haven for refugees and many people needed to exchange valuables for hard currency.

And while millions were printed, almost all circulated. Finding one with sharp edges and only 1 central fold is pretty hard. These are large notes and didn't fit in most wallets.

I ended up ordering this one from Portugal, as you can see the condition is nice. There is a central fold, but the colors are vibrant and the image is sharp. Happy to get it.

The spots that look like rust on the front are actually the watermark.

Beautiful note, hfjacinto!

@walk2water, next time a note is late for you, I'll give you the same support like " deal with it", "a month that's noting , once I had to wait 3 weeks", or "cry me a river, it will get there when it gets there".

See how much support you get here.