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20 Centavos

Issuer Banco Nacional Ultramarino
Year 1914
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Value 20 Centavos (0.20)
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Obverse description The obverse is printed in green and red tones, with the denomination numeral '20' within a circular guilloche rosette at the left and the Portuguese National Coat of Arms within a similar ornamental frame at the right. A central oval cartouche carries the text 'VINTE CENTAVOS' and 'MOEDA CORRENTE', flanked by an oval red stamp of the Banco Nacional Ultramarino with a sailing ship vignette. The date 'LISBOA, 5 de Novembro de 1914' and serial number appear in the lower portion, with spaces for two manuscript signatures below the titles 'O VICE-GOVERNADOR' and 'O GOVERNADOR'.
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Reverse description The reverse is printed in violet-brown, dominated by a central allegorical vignette of a seated woman in classical robes, holding a staff, with a tall-masted sailing ship visible in the background. Two large circular guilloche medallions at left and right each bear the denomination '0$20' in bold numerals. The bank name is inscribed in a ribbon banner across the top, and the printer's imprint 'BRADBURY WILKINSON & C.ª GRAVADORES, LONDRES' appears along the lower margin.
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Comments

The Banco Nacional Ultramarino was Portugal's designated issuing bank for its overseas territories, and this 1914 note almost certainly served one of those colonial outposts rather than metropolitan Portugal itself — though the Pick reference alone doesn't settle which territory definitively. Bradbury Wilkinson, by this point a well-established British security printer, produced notes for dozens of colonial authorities operating under European metropolitan oversight.

At 20 centavos, this is a fractional denomination — the kind typically pressed into service when coin shortages made small-change transactions impractical.

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