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5 centavos Estremoz
| Issuer | Câmara Municipal de Estremoz |
|---|---|
| Year | 1921 |
| Type | Log in to see details |
| Value | 5 Centavos (0.05 PTE) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Printed in red on white paper. The Estremoz municipal coat of arms is set at the centre within a pointed star-shaped geometric underprint, the shield quartered with a crescent moon, a sun face, two towers, a tree, and two books among its charges. The central motif is surrounded by dense interlaced arabesque scrollwork filling the field, with the denomination numeral "5" and the abbreviation "Cent" arranged vertically in stylised lettering within bordered panels at both the left and right margins. |
| Reverse lettering | 5 Cent |
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| Comments |
Estremoz is a marble town in the Alentejo, and its câmara municipal issued these small-denomination cédulas in 1921 to address the chronic shortage of low-value coinage that afflicted most of provincial Portugal in the early Republic years. The national mint simply could not keep fractional coin in circulation fast enough — hoarding and export of bronze and nickel kept the problem alive well into the 1920s.
Municipal issues like this one were technically illegal under Portuguese monetary law but were tolerated by Lisbon out of practical necessity. Redemption was theoretically guaranteed by the issuing council, though in practice many cédulas from smaller municipalities were never formally retired.