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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 lettering BANCO NACIONAL ULTRAMARINO EM LOURENÇO MARQUES VINTE 20 CENTAVOS MOEDA CORRENTE LISBOA, 5 DE NOVEMBRO DE 1914 BANCO·NACIONAL·ULTRAMARINO COLONIAS, COMMERCIO, AGRICULTURA O VICE-GOVERNADOR O GOVERNADOR
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Reverse lettering BANCO NACIONAL ULTRAMARINO 0$20 0$20 BRADBURY, WILKINSON & CO. LD GRAVADORES, LONDRES
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Comments

Banco Nacional Ultramarino's 20 Centavos of 1914 belongs to a fractional emergency issue prompted by a chronic shortage of small silver coinage across Portuguese colonial territories — a problem that plagued the BNU for decades and forced repeated resort to low-denomination paper scrip. Bradbury Wilkinson, already well established as a security printer for colonial and Commonwealth issuers by this point, handled the production in London.

Pick 57 is notably scarce in any grade. Small-denomination notes of this period circulated hard and were discarded rather than saved.

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