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1 Centavo Fundão

Issuer Câmara Municipal do Fundão
Year 1920
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Size 85 × 55 mm
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Obverse description The left portion of the obverse is occupied by an intaglio vignette of the Câmara Municipal do Fundão building, rendered in fine line engraving with architectural detail including arched gateway, balustrades, and a clock tower. To the upper right, the municipal coat of arms appears within a circular cartouche dated 1747, accompanied by scrollwork ornamentation. The central field carries the issuing authority inscription above the bold denomination legend, with the date of issue and series designation below, and a serial number in the lower centre; the engraver's credit 'A. J. Cardoso – Grav.' appears at the lower left margin.
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Reverse lettering Um Centavo
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Comments

The Fundão cédulas emerged from Portugal's acute small-change crisis of the late 1910s and early 1920s, when a shortage of low-denomination bronze coinage forced hundreds of municípios, businesses, and private entities to print their own fractional paper. The Câmara Municipal do Fundão — the local council of a modest interior town in the Beira Baixa — issued these notes under emergency authorization, as did dozens of similar bodies across the country.

A. J. Cardoso was a local commercial printer, not a specialist security press. Survival rates for provincial cédulas of this type vary wildly; many were redeemed and pulped once the coinage shortage eased in the mid-1920s.

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