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| 表面の説明 | Dark blue on multicolour underprint, with the Portuguese Coat of Arms at right and the bank seal at bottom centre in two distinct varieties. The overprint BOLAMA at top centre identifies the issuing branch. Dated Lisboa, 5 de Novembro de 1914, with the denomination VINTE CENTAVOS rendered in bold lettering. |
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| 表面の銘文 | ログイン して詳細を見る |
| 裏面の説明 | Dark blue on salmon-pink guilloche underprint. A central intaglio vignette within an oval frame presents a classical female figure seated in three-quarter profile, with a harbour scene of sailing vessels in the background. Symmetrical geometric medallions at left and right each bear the denomination numeral 0$20, with the bank name in bold scroll banners across the upper portion and the printer's imprint at bottom centre. |
| 裏面の銘文 | ログイン して詳細を見る |
| 署名 | ログイン して詳細を見る |
| 偽造防止技術 | ログイン して詳細を見る |
| 偽造防止の説明 | ログイン して詳細を見る |
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Banco Nacional Ultramarino's 20 Centavos emergency fractional notes of 1914 were a direct response to the hoarding of metal coinage that swept Portuguese colonial territories — and metropolitan Portugal itself — at the outbreak of the First World War. Small-denomination coin disappeared from circulation almost overnight, and paper substitutes at fractions of the escudo became an administrative necessity.
The seal type distinctions between Pick 7's Type II and Type III variants reflect successive overprinting or authentication measures applied as the notes moved through different issuing or validating offices. Collectors have documented both, though distinguishing them in lower grades requires attention to ink quality and impression depth rather than design differences.