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20 Centavos

Issuer Angola
Year 1921-1922
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Currency Escudo (1914-1928)
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Obverse description Laureate and draped bust of Liberty facing left, her hair arranged in a chignon and adorned with an olive branch. The legend ANGOLA curves along the left field, and the date appears vertically along the right field. A fine beaded border frames the design.
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Reverse script Latin
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Additional information

Angola was under Portuguese colonial administration when this coin was issued, and its production coincided with a period of severe monetary instability in the metropole — Portugal itself was running substantial war debts from World War I and struggling to stabilize the escudo. Colonial coinage was a separate administrative headache, issued through the Junta da Moeda in Lisbon for circulation in Portuguese West Africa rather than struck locally. The two-year span of this issue likely reflects interrupted supply chains rather than a planned series change.