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| 正面描述 | Violet and brown intaglio print on cream paper. A female allegorical figure in classical dress occupies the left vignette, set against an elaborate guilloche underprint at centre. The issuer title runs along the top border with denomination numerals at each corner. A perforated SPECIMEN cancellation is applied diagonally across the lower centre. |
|---|---|
| 正面铭文 | BANCO DE PORTUGAL Ch 1 B 00000 Lisboa 5 Julho 1918 O Governador CINCOENTA CENTAVOS 50 SPECIMEN |
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Portugal's wartime finances were under severe strain by 1918, and the acute shortage of small change drove the Banco de Portugal to issue fractional cédulas in large numbers. This 50 Centavos note was part of that emergency programme — low denominations printed cheaply to substitute for coins that had been hoarded or melted down as metal values rose above face value.
The Diário de Notícias series designation reflects a collector-market classification convention, not an official Banco de Portugal series name. Pick 112 circulated heavily and survivors in clean condition are genuinely uncommon.