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10 Centavos

Issuer Banco Nacional Ultramarino
Year 1920
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Value 10 Centavos (0.10)
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Obverse lettering BANCO NACIONAL ULTRAMARINO
DEZ CENTAVOS
ANGOLA
O Governador / O Gerente
(Translation: National Overseas Bank / Ten Centavos / Angola / The Governor / The Manager)
Reverse description The reverse is dominated by a large central oval vignette bearing the numeral 10 above the word CENTAVOS in bold relief, surrounded by a beaded guilloche border. The issuer's name runs across the upper margin, and the Portuguese coat of arms appears in a small cartouche at the lower centre. Corner medallions carry the numeral 10, and an elaborate engraved frame of interlocking foliate ornaments fills the remaining field.
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Comments

The Banco Nacional Ultramarino issued this note for Portuguese Guinea, one of several small-denomination paper issues produced around 1920 to address a chronic shortage of metallic small change across Portugal's African territories. The shift away from coin for fractional values was a practical response to wartime metal scarcity that outlasted the war itself in the colonial periphery.

Pick 51 is among the scarcer BNU Guinea issues of this period — the low face value meant heavy handling and rapid destruction in circulation.

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