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50 Centavos
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1920 |
| Type | Log in to see details |
| Value | 50 Centavos (0.50) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO NACIONAL ULTRAMARINO 50 CENTAVOS ANGOLA Lisboa, 1 de Janeiro de 1920 O vice-governador / O governador (Translation: National Overseas Bank / Fifty Centavos / Angola / Lisbon, 1 January 1920 / The Vice-Governor / The Governor) |
| Reverse description | Log in to see details |
| Reverse lettering | BANCO NACIONAL ULTRAMARINO CINCOENTA CENTAVOS (Translation: National Overseas Bank, Fifty Centavos) |
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| Comments |
The Banco Nacional Ultramarino, chartered in Lisbon in 1864, held note-issuing rights across Portugal's overseas territories and issued fractional notes like this 50 Centavos during the post-WWI inflationary period, when coin shortages made small-denomination paper a practical necessity throughout the Portuguese colonial system. The precise territory of issue for Pick 53 warrants attention — BNU issued near-identical fractional notes simultaneously across multiple colonies, and misattribution between Portuguese Guinea, Mozambique, and Angola series is a recurring cataloging problem.