Catalog
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| Issuer | Casa da Moeda de Portugal |
|---|---|
| Year | 1918 |
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| Printer | Casa da Moeda, Lisbon |
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| Obverse description | Olive-green letterpress note with elaborate acanthus scroll borders framing the central panel. The Portuguese coat of arms within a laurel wreath appears at the top centre below the issuer inscription CASA DA MOEDA, with the denomination CINCO CENTAVOS in bold letters within a cartouche at centre; the decree date, administrator general's signature, and series designation are printed below, with BRONZE in a banner at the foot. |
|---|---|
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| Reverse lettering | CENTAVOS 5 CENTAVOS |
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| Comments |
Portugal's wartime paper shortage drove the Casa da Moeda to issue its own fractional cédulas in 1918 — an unusual situation where the mint itself became a monetary authority, bypassing the Banco de Portugal entirely for the smallest denominations. The coins these notes replaced had been hoarded or melted, a problem afflicting most of Europe by the middle of the war.
Being self-printed and self-issued at the same Lisbon facility eliminates the usual ambiguity about printing location. These circulated hard in urban markets and survived poorly as a result.