Portugal, Kingdom. Carlos I AR 1000 Reis. Lisboa mint, 1899. Designs by Valancio Alves. ∗ CARLOS I REI DE PORTUGAL ∗, bare head to right; date below / Crowned and mantled coat-of-arms; denomination below. KM 540.
NGC graded MS 64. Wonderful golden and burnt orange toning.
From the inventory of a UK dealer.