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10 Centavos

Issuer Banco Nacional Ultramarino
Year 1914
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Reference(s) P#59
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Obverse lettering BANCO NACIONAL ULTRAMARINO
DEZ
10 CENTAVOS
DEZ CENTAVOS
MOEDA CORRENTE
LOURENCO MARQUES
LISBOA, 5 de Novembro de 1914
O VICE-GOVERNADOR
O GOVERNADOR
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Reverse lettering BANCO NACIONAL ULTRAMARINO
0$10
0$10
BRADBURY, WILKINSON & Co. Lda GRAVADORES LONDRES
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Comments

Banco Nacional Ultramarino's 10 Centavos of 1914 belongs to a fractional emergency issue prompted by a severe shortage of metallic coinage in Portuguese colonial territories during the early war years. Small-denomination coins had effectively vanished from circulation — hoarded, exported, or simply worn out of service — and paper substitutes at these tiny values were an unusual and somewhat desperate administrative measure.

Bradbury Wilkinson's involvement is worth noting: the firm handled a substantial portion of Portugal's overseas currency printing during this period, and their intaglio work on low-value notes of this type was technically disproportionate to the denomination's purchasing power.

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