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| 正面描述 | The central panel bears the serial number, denomination numeral '50 CENTAVOS', and the date 'Lisboa, 1 de Janeiro de 1920', framed by a Portuguese coat of arms vignette at top centre. To the left, allegorical figures including Mercury and a maritime vignette with ships occupy a side panel, while to the right an allegorical female figure representing Industry and a farmer are rendered in fine intaglio engraving. The denomination '50' appears in circles at the lower corners, with 'ANGOLA' inscribed along the lower border. |
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| 背面描述 | The reverse is dominated by a central vignette of a tall-masted sailing ship set within an ornate guilloche border. The inscription 'CINCOENTA CENTAVOS' is divided across the left and right of the central vignette, with the denomination '50' repeated in corner circles. A Portuguese coat of arms appears below the ship vignette within a decorative medallion, and the bank name runs across the top within a scrollwork frame. |
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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.