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| 正面铭文 | BANCO DE PORTUGAL DEZ ESCUDOS OURO Ch. 1 Lisboa . 21 . Outubro . 1919 O Director O Governador SPECIMEN |
| 背面描述 | Central allegorical vignette of a seated male figure with classical attributes, set within a fine guilloche underprint. An oval portrait of a laurel-crowned female allegory occupies the right panel, framed by intricate lace-pattern guilloche. Denomination DEZ ESCUDOS appears in a cartouche at top, with BANCO DE PORTUGAL along the lower margin and numeral 10 at lower right. |
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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.