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| 正面描述 | Green note with the bank name "BANCO NACIONAL ULTRAMARINO" inscribed in a banner across the upper field, flanked at left by the Portuguese coat of arms within a laurel wreath and the word "MACAU". The denomination "DEZ AVOS" appears in a central cartouche, with Chinese characters (壹毫) printed vertically at left and right. Two serial numbers appear on the note, one at upper right and one at lower left, with a "GERENTE" signature line at bottom centre. |
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| 正面铭文 | 登录 以查看详情 |
| 背面描述 | Green note dominated by a large central guilloche rosette enclosing the numeral "10" and the legend "DEZ AVOS", flanked by two ornate column vignettes with radiating guilloche sunburst panels. The bank name "BANCO NACIONAL ULTRAMARINO" runs across the upper portion in a ribbon, above Chinese characters reading 大西洋海外理銀行, with "MACAU" (門澳) inscribed in a banner at the lower centre and Chinese denomination characters (壹毫) repeated vertically on both sides. |
| 背面铭文 | 登录 以查看详情 |
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| 防伪类型 | 登录 以查看详情 |
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The Banco Nacional Ultramarino's Macau branch issued this fractional note during a period when small change was chronically scarce across Portuguese colonial territories — a problem acute enough in 1920 that paper fractions replaced coin in everyday transactions. The Hongkong Printing Press was a practical choice given proximity; sending work to Lisbon or London would have added months to a process driven by immediate local need.
Pick 11 is genuinely scarce. Low-denomination emergency issues of this type circulated hard and were discarded once coin supplies normalized, not saved.