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1 Pataca

Issuer Banco Nacional Ultramarino
Year 1915-1922
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Value 1 Pataca
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Obverse description Printed in olive-green and brown on pale paper, the obverse is framed by an ornate guilloche border with numeral "1" repeated in each corner. The bank title "BANCO NACIONAL ULTRAMARINO" is set in bold letterpress across the upper portion, below which the serial number and denomination "$1" appear flanked by repeated serial numerals. A cursive promise-to-pay text in Portuguese occupies the centre field, supported by a fine radiating underprint, with the place and date "Lisboa de Janeiro de 1910" and three manuscript signatures below, each accompanied by a role designation.
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Reverse lettering 大西洋國海外滙理銀行
BANCO NACIONAL ULTRAMARINO
$1 壹圓 $1 壹圓
UMA PATACA
DILI (TIMOR)
BRADBURY WILKINSON & C.ᵒ L.ᵈ LONDON
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Comments

Banco Nacional Ultramarino began issuing currency in Macau only after the Portuguese colonial administration formalized local note circulation in 1905 — before that, Hong Kong dollars and Mexican pesos dominated trade on the peninsula. This 1 Pataca is among the earliest notes purpose-issued for the territory, and the choice of Bradbury Wilkinson reflected BNU's consistent preference for London security printers across its African and Asian colonial portfolios.

The pataca itself was pegged to the Mexican peso at par, a legacy of centuries of silver trade through the South China Sea. By the time this series ended in 1922, the peso peg had become increasingly difficult to maintain as silver prices fluctuated wildly in the post-WWI commodity markets.

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