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5 Centavos Casa da Moeda

Issuer Casa da Moeda de Portugal
Year 1918
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Size 100 × 64 mm
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Obverse lettering CASA DA MOEDA
CINCO CENTAVOS - BRONZE
DECRETO DE 5 DE ABRIL DE 1918
O Pte do Conse Admo
5 CENTAVOS
(Translation: Mint House / Five Centavos - Bronze / Decree of 5 April 1918 / The President of the Administrative Council / 5 Centavos)
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Reverse lettering REPVBLICA PORTVGVESA
5
cinco centavos
(Translation: Portuguese Republic / 5 / five centavos)
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Comments

Portugal's wartime paper shortages in 1917–1918 forced the Casa da Moeda to issue low-denomination cédulas to substitute for coins that had effectively vanished from circulation — hoarded by a public with no faith in the republic's finances and a war draining metal reserves. These small-denomination emergency notes were produced and issued by the same institution, which was unusual; the Casa da Moeda functioned here as both manufacturer and monetary authority by default, not by design.

The 5 centavos was the smallest denomination in this cédula series. Attrition was severe — notes of this value were handled constantly and discarded quickly, making genuinely uncirculated survivors scarce.

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