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1 Centavo Espinho

Issuer Associação Comercial e Industrial de Espinho
Year 1920
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Shape Rectangular
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Obverse description Printed in orange-brown on plain paper, the obverse carries a double-ruled rectangular border enclosing two allegorical figures in a classical vignette: a male figure at left, resting and holding a tool, and a female figure at right, seated on a wheeled cart and holding a long staff, both rendered in a letterpress style evoking industry and commerce. A central cartouche bears the denomination inscription "VALE 1 cent." with a black overprinted serial number above. The issuer's name appears in a banner across the top, and a series letter designation "S.-B" is printed at the lower right.
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Reverse description Printed in red-brown, the reverse is dominated by an overall geometric guilloche lattice underprint covering the entire field. A central vignette shows a seated allegorical female figure with flowing drapery set against a circular lined background. The denomination "VALE 1 CENTAVO" is split across a horizontal banner in the centre, and the date "Março de 1920" appears within a rectangular cartouche at the lower left.
Reverse lettering VALE 1 CENTAVO Março de 1920
(Translation: Worth 1 Centavo March 1920)
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