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50 Centavos
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1920 |
| Type | Log in to see details |
| Value | 50 Centavos (0.50) |
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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 | The reverse is printed in brown and centred on a vignette of a Portuguese caravel under full sail, enclosed within a circular ornamental frame flanked by scrollwork garlands. The bank name appears across the top between two heraldic supporters, and the denomination legend is split across the central horizontal band to either side of the ship vignette. The four corners each bear a guilloche circle with the numeral "50", and the Portuguese arms appear in an ornate cartouche at the lower centre. |
| Reverse lettering | BANCO NACIONAL ULTRAMARINO CINCOENTA CENTAVOS (Translation: National Bank Overseas Fifty Cents) |
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| Comments |
The Banco Nacional Ultramarino issued this note for Portuguese Angola during a period when small-denomination coin shortages were chronic throughout Portugal's African territories. Wartime metal demands had badly disrupted subsidiary coinage supply, and fractional paper — normally an emergency stopgap — became a prolonged fixture of everyday commerce well into the early 1920s.
Pick 64 is among the scarcer fractional issues of this series; the small format meant heavy handling damage in circulation, and survival rates are low even for notes that were technically "in use" only briefly.