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20 Centavos Casa da Moeda
| Issuer | Casa da Moeda de Portugal |
|---|---|
| Year | 1925 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Escudo (1911-2001) |
| Composition | Log in to see details |
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| Obverse description | Brown on grey underprint. Central allegorical portrait of the Republic in left-facing profile, wearing a Phrygian cap, rendered as an intaglio vignette. The Portuguese Coat of Arms appears at left, with the denomination and issuing authority inscribed across the note within a structured guilloche border. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | R P 20 20 CASA DA MOEDA WATERLOW & SONS LIMITED, LONDRES (Translation: Portuguese Mint Waterlow & Sons Limited, London) |
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| Comments |
Casa da Moeda de Portugal — the Mint — issuing paper money is itself the story here. This 20 Centavos emerged from a period when Portugal's monetary system was badly strained, the escudo still relatively new, and the country chronically short of small-denomination coin. Rather than strike bronze or nickel, the Mint issued these fractional notes as a stopgap, with Waterlow & Sons handling the actual printing in London — a telling arrangement, given the note's own issuer was nominally a manufacturing institution.
Pick #102 is not common in genuinely circulated grades; the low denomination meant heavy handling and short paper life.