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10 Centavos
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1920 |
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| Composition | Log in to see details |
| Size | 107 × 68 mm |
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| Obverse description | Red letterpress design on buff paper, with vignettes of Portuguese caravel sailing ships flanking the central text panel at left and right. The Portuguese royal arms appear at lower center within a decorative cartouche, surrounded by floral scrollwork. Denomination numeral '10' appears in all four corners, with the territory designation 'CABO VERDE' inscribed on a ribbon below the serial number and date fields. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | BANCO NACIONAL ULTRAMARINO 10 CENTAVOS (Translation: National Bank Overseas 10 Cents) |
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| Comments |
The Banco Nacional Ultramarino issued this fractional note for Angola during a period of severe small-denomination coin shortages across Portuguese overseas territories — a problem that plagued colonial circulation throughout the late teens and early 1920s. Paper substitutes at this level were a practical stopgap rather than a policy preference, and most saw heavy use before being replaced once metallic coin supply stabilized.
Pick 18 is scarce in any grade above Fine, almost certainly a product of its purchasing power at the time — small notes circulate harder and survive worse.