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5 Patacas Banco Nacional Ultramarino
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1924 |
| Type | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#8 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 行銀理滙外海國洋西大 伍 5 BANCO NACIONAL ULTRAMARINO FILIAL DE MACAU CINCO PATACAS PAGAVEIS EM MACAU EM MOEDA CORRENTE LISBOA 1 de Janeiro de 1924. COLONIAS. COMMERCIO. AGRICULTURA. 門澳 (Translation: National Overseas Bank Macau Branch Five Patacas Payable in Macau in regular currency Lisbon, 1 January 1924. Colonies. Commerce. Agriculture) |
| Reverse description | Log in to see details |
| Reverse lettering | CINCO PATACAS 圓伍 BANCO NACIONAL ULTRAMARINO MACAU 伍 |
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| Comments |
Banco Nacional Ultramarino held the note-issuing concession for Portuguese Macau through much of the twentieth century, a privilege originally granted in 1902. By 1924, the pataca had been formally pegged to the Hong Kong dollar at par, a relationship that would later drift and eventually be codified differently — but at the moment this note was printed, the two currencies were effectively interchangeable across the Pearl River Delta trading world.
Thomas De La Rue produced the plates in London for a territory they had never set foot in, a common enough arrangement for colonial currency printing of the period. Pick 8 is among the earlier surviving Macau issues and turns up rarely in any grade.