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1 Centavo Valença
| Issuer | Câmara Municipal de Valença |
|---|---|
| Year | |
| Type | Log in to see details |
| Value | 1 Centavo (0.01 PTE) |
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| Obverse description | Printed in red on pale paper, the obverse is enclosed within a rectangular frame with guilloche cross-hatch underprint filling the background. A central circular vignette contains the municipal coat of arms of Valença surmounted by a crown, flanked by decorative scroll work. The issuer's name arcs across the top of the central medallion, with the denomination stated in large text across the lower centre. |
|---|---|
| Obverse lettering | CAMARA MUNICIPAL DE VALENÇA VALE UM CTV. (Translation: Valença Municipal Council - Worth One Centavo) |
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| Comments |
Câmara Municipal de Valença issued cédulas like this 1 Centavo note during the acute coin shortage that struck Portugal and its municipalities in the early 1920s. With small-denomination metal coinage disappearing from circulation — hoarded, melted, or simply not minted in sufficient quantities — local chambers stepped in as emergency issuers, producing paper substitutes that the central government grudgingly tolerated rather than formally sanctioned.
Municipal cédulas of this type rarely survived daily use in good numbers. Passed hand to hand in local commerce, they were treated as disposable tokens rather than banknotes worth preserving.