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50 Centavos
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1914 |
| Type | Log in to see details |
| Value | 50 Centavos (0.50) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Colonial arms vignette at right, with a circular seal inscribed COLONIAS COMMERCIA AGRICULTURA at bottom centre and a counterfoil stub at left. The issuing bank title and denomination are rendered in letterpress within a guilloche-bordered frame. Text legends are distributed across the face in a formal typographic arrangement consistent with early twentieth-century colonial issue practice. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | BANCO NACIONAL ULTRAMARINO 0$50 |
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| Comments |
Banco Nacional Ultramarino's 50 Centavos issue of 1914 belongs to the wartime contraction of coinage that hit Portugal's colonial monetary network hard. With silver increasingly hoarded or redirected by the outbreak of the First World War, low-denomination paper substitutes became necessary across the Ultramarino's territories — this note was part of that emergency response, though it circulated under the bank's metropolitan Portuguese authority rather than any single colony.
Bradbury Wilkinson's intaglio work on small-format fractional notes from this period is consistently fine, a quality that actually complicated matters: the notes were frequently retained rather than returned, thinning surviving populations considerably.