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50 Centavos seal type III

Issuer Banco Nacional Ultramarino
Year 1914
Type Standard circulation banknote
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Obverse description Green on multicolour underprint with guilloche patterning. The national arms appear at right, with a blue Type III seal at bottom centre. Issuer name, place of issue (Bolama), denomination, and date inscriptions are arranged around the design.
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Reverse lettering BANCO NACIONAL ULTRAMARINO 0$50
(Translation: National Bank Overseas)
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Comments

Banco Nacional Ultramarino's wartime fractional issues for Portuguese Angola emerged from a practical crisis: the near-total disappearance of silver coinage from circulation after 1914, a problem common across colonial Africa as metal was hoarded and diverted to Europe. The seal type classification — I, II, and III — distinguishes successive overprint or authentication variants applied to what was essentially the same printed stock, a field detail that matters considerably for accurate attribution since the types are frequently conflated in older references.

Bradbury Wilkinson produced the base notes in London. The type III seal is the scarcest of the three variants.