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| 正面描述 | Letterpress printed in black on pink paper within a rectangular border composed of repetitive floral guilloche ornaments. The large numeral "1" appears at the left, with the denomination legend "SENHA de CENTAVO" to the right in bold capital lettering. The issuer's name is set in a plain rectangular cartouche at the top, with series designation and serial number field at the lower portion. |
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| 背面铭文 | OS DIRECTORES (Translation: The Directors) |
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Albergue e Asilo Elvenses was a charitable institution in Elvas, in the Alentejo region of Portugal, and this 1 Centavo note is among the smallest-denomination emergency paper money issued by a non-banking body during Portugal's acute small-change shortage of the early 1920s. Municipal chambers, misericórdias, and welfare institutions alike printed their own cédulas when bronze coinage essentially vanished from circulation — hoarded, melted, or simply worn out of existence.
The MA# reference places this within Gonçalo Anselmo's catalogue of Portuguese local issues. Institutional issuers like this one printed in very small runs, and survival rates are correspondingly poor.