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1 Centavo Espinho

Issuer Associação Comercial e Industrial de Espinho
Year 1920
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Reference(s) MA#823
Obverse description Printed in orange-brown on plain paper, the obverse carries a letterpress vignette with two allegorical figures flanking a central panel bearing the denomination "VALE 1 Cent.": at left, a male figure wearing a winged helmet and holding tools — emblematic of commerce and industry — kneels beside an anchor, while at right a seated female figure with a spade rests upon a wheeled cart. The issuer's name "ASSOCIAÇÃO COMERCIAL E INDUSTRIAL DE ESPINHO" is set in a banner across the top within a decorative ruled border. A small printer's imprint reading "Anthero Leal" appears in the lower right margin.
Obverse lettering ASSOCIAÇÃO COMERCIAL E INDUSTRIAL DE ESPINHO VALE 1 Cent.
(Translation: Commercial and Industrial Association of Espinho Worth 1 cent)
Reverse description Printed in orange-brown on plain paper, the reverse has a dense lattice-pattern underprint filling the entire field within a ruled border. At centre, a circular vignette shows a female figure in traditional Portuguese regional costume standing before a coastal or maritime scene. The denomination is split across two horizontal cartouches flanking the vignette — "VALE 1" at left and "CENTAVO" at right — while the issue date "Setembro de 1920" appears in a rectangular panel at lower left.
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