Collection - Coins and Notes - Diário de Notícias #47 10 Escudos

Pick 117 belongs to a transitional moment in Portuguese monetary history: the country was still absorbing the fiscal shock of World War One participation, and Banco de Portugal was issuing multiple low-denomination notes simultaneously to compensate for a near-total disappearance of coin from circulation. Silver and bronze had been hoarded or melted, making paper at this level genuinely necessary for everyday transactions.

The "Diário de Notícias #47" tag in the name indicates this is a collection insert — the Lisbon newspaper ran a series of facsimile reproductions of historic Portuguese notes as numbered collectibles, not circulated currency. The original 1919 issue is the numismatic object; this is its later editorial reproduction.