50 Centimes

Issuer	Principauté de Monaco
Year	1920
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Printer	Imprimerie Veuve A. Chêne, Monaco
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Obverse description	Central oval vignette engraved in intaglio style presenting a view of the Monaco rock and its palace seen from the sea, framed by an ornate border of foliage, flowers, and scrollwork with the denomination numeral 50 in a cartouche at the base. The date 1920 appears in a decorative cartouche at the top of the vignette, with the title PRINCIPAUTÉ DE MONACO in the upper panel. The designer's and engraver's credits appear in small lettering at the lower left and lower right margins respectively.
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Reverse description	Central oval vignette engraved in intaglio presenting a panoramic view of the Monaco rock and princely palace seen from the sea, surrounded by an elaborate decorative border of acanthus scrolls, floral sprays, and guilloche ornaments. The denomination numeral 50 is set within a foliate cartouche at the lower centre, with the title PRINCIPAUTÉ DE MONACO in the upper panel and the year 1920 in a cartouche at the top of the central oval. The serial number and series letter appear in the lower margin, with the printer's imprint at the foot.
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Protection type	Watermark
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