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| 正面描述 | Dark green letterpress on yellow-buff paper, with the large central numeral '1' flanked by interlaced guilloche ornamental panels on each side. The issuer name 'Pinto & C.a' appears in a ruled cartouche at the top centre, while 'FAMALICÃO' is printed vertically along both lateral borders, and corner boxes each bear the unit numeral. The date 'Janeiro de 1920' is set at the lower edge, with an embossed circular control stamp visible at the lower right. |
|---|---|
| 正面铭文 | Pinto & Ca. FAMALICÃO Vale 1 Cent. Janeiro de 1920 (Translation: Pinto & Co. Famalicão Worth 1 cent January, 1920) |
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Portuguese emergency paper money of this type — cédulas, issued by municipalities, commercial firms, and private associations — proliferated after 1917 when wartime coin shortages made small change almost impossible to find. Pinto & Ca. was a commercial house in Vila Nova de Famalicão, one of hundreds of private issuers who effectively took over the small-denomination function that the state could not fulfil. By 1920, the practice was so widespread that the government eventually moved to suppress private issues entirely, though enforcement was uneven and slow.
MA#2428 is a rarely catalogued issue; surviving examples tend to surface in regional Portuguese collections rather than international ones.