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2 Centavos Villa Do Conde

Issuer Câmara Municipal de Vila do Conde
Year 1921
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Value 2 Centavos (0.02 PTE)
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Obverse lettering CAMARA MUNICIPAL DE VILLA DO CONDE DELIBERAÇÃO TOMADA EM SESSÃO DE 20 DE JUNHO DE 1921 O Presidente 2 CENTAVOS VILLA DO CONDE 2 CENTAVOS LIT. NACIONAL - PORTO
(Translation: Villa do Conde city council Deliberation taken in session of June 20, 1921 the president 2 centavos Lit. Nacional - Porto)
Reverse description Dark red lithographic print. A large central vignette presents a panoramic view of Vila do Conde, with an iron truss bridge crossing the Ave River in the foreground and small boats on the water below; the town's skyline with buildings and church towers extends across the background. The vignette is set within a fine-line rectangular border with elaborate foliate scroll ornaments at each corner, the place name inscribed at top and a caption panel at bottom.
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Comments

Vila do Conde's municipal chamber issued these small-denomination cédulas in 1921 as part of the broader Portuguese municipal emergency currency wave — a direct consequence of the chronic coin shortage that had plagued the country since the First World War. The Banco de Portugal simply could not keep low-denomination coinage in circulation fast enough, and hundreds of câmaras municipais stepped in with their own paper substitutes. Litografia Nacional in Porto handled production for numerous northern municipalities during this period, making attribution of the printing straightforward.

Two centavos bought almost nothing by 1921. The denomination itself signals how severe the small-change crisis had become.

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