Catalog
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| Issuer | Casa da Moeda de Portugal |
|---|---|
| Year | 1918 |
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| Composition | Log in to see details |
| Size | 100 × 64 mm |
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| Obverse description | Log in to see details |
|---|---|
| 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.