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100 Patacas Banco Nacional Ultramarino
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1950 |
| Type | Log in to see details |
| Value | 100 Patacas |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Watermark |
| Protection description | Watermark window with scalloped hexagonal frame visible at left of obverse. |
| Variants | Log in to see details |
| Comments |
Waterlow & Sons had been printing for the Banco Nacional Ultramarino since the late nineteenth century, and by 1950 the relationship was well established — the London firm handled much of Portugal's colonial currency work across multiple territories simultaneously. This Macanese issue came at a moment when BNU held an exclusive note-issuing monopoly in Macau that dated back to 1902, a privilege the Lisbon-based bank jealously protected and would continue to hold for decades.
The Pick 44 series is notably scarcer than the later 1963 issue that replaced it, owing to lower print runs and the tendency of Macau's humid subtropical climate to accelerate paper deterioration in circulation.