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50 Centavos

Issuer Republica Portuguesa - Angola
Year 1923
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Reference(s) P#63
Obverse description The obverse is divided into three vignette panels: at left, an indigenous fruit market scene with seated figures and produce; at center, a Portuguese coat of arms above two manuscript signatures and a boxed denomination legend reading CINCOENTA CENTAVOS with serial number below; at right, an allegorical classical female figure attended by kneeling figures, suggestive of Portugal's civilizing mission. The denomination 50 CENTAVOS appears in shield cartouches at upper left and right corners, with ANGOLA in a rectangular tablet at the foot of the note.
Obverse lettering REPUBLICA PORTUGUESA
CINCOENTA CENTAVOS
ANGOLA
(Translation: Portuguese Republic, Fifty Centavos, Angola)
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Comments

Angola's 1923 50 Centavos was issued under the Republica Portuguesa authority at a moment when the colony's currency arrangements were genuinely chaotic. Portugal itself was struggling through the early years of its own monetary instability, and the escudo system imposed on Angola was plagued by chronic small-change shortages throughout the early 1920s — precisely the problem these low-denomination notes were printed to address.

Pick 63 belongs to a broader emergency fractional series. Notes of this type circulated hard and wore out fast; surviving examples in any decent state are notably less common than the face value might suggest.

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