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50 Centavos

Issuer Republica Portuguesa - Angola
Year 1923
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Shape Rectangular
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Obverse lettering REPUBLICA PORTUGUESA
CINCOENTA CENTAVOS
ANGOLA
(Translation: Portuguese Republic, Fifty Centavos, Angola)
Reverse description The reverse bears a large central historical vignette illustrating Portuguese explorers erecting a stone padrão on a shoreline, with a crowd of figures and sailing vessels visible in the background, rendered in a detailed intaglio style. The denomination 50 CENTAVOS appears in shield cartouches at upper left and right, flanking a curved banner reading REPUBLICA PORTUGUESA. The date 1923 and the issuing territory name ANGOLA appear in separate tablets at the lower center.
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Comments

Angola's 1923 50 Centavos was issued under the Republica Portuguesa authority at a moment when the colony's currency arrangements were genuinely chaotic. Portugal itself was struggling through the early years of its own monetary instability, and the escudo system imposed on Angola was plagued by chronic small-change shortages throughout the early 1920s — precisely the problem these low-denomination notes were printed to address.

Pick 63 belongs to a broader emergency fractional series. Notes of this type circulated hard and wore out fast; surviving examples in any decent state are notably less common than the face value might suggest.

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