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25 Patacas Stamp PAGAVEL EM TIMOR over '25 Patacas', Macau
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1945 |
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| Value | 25 Patacas |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PAGÁVEL EM TIMOR BANCO NACIONAL ULTRAMARINO $25 REPÚBLICA DE OUTUBRO DE 1910 貳拾伍圓 |
| Reverse description | The reverse of this note carries the same counterstamp overprint 'PAGÁVEL EM TIMOR' applied in dark typeset ink at the top centre, superimposed over the original Macau banknote design. The layout mirrors the obverse guilloche and border work, with the denomination and Chinese characters repeated in the corner panels against the pink underprint, serving as the side upon which the Timor overprint is most visually dominant. |
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| Comments |
In 1945, Banco Nacional Ultramarino had no practical means of printing new currency for Timor. The solution was to overprint existing Macau stock with a bilingual "PAGAVEL EM TIMOR" stamp and alter the denomination to 25 Patacas — a field expedient that produced one of the more unusual emergency issues in Portuguese colonial monetary history. Timor had been under Japanese occupation since 1942, and the note's release coincided with the chaotic post-surrender period when any circulating medium was better than none.
Barclay & Fry printed the underlying Macau notes; they had no involvement in the overprinting itself, which was applied afterward as a conversion measure.