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|---|---|
| 正面铭文 | SANTA CASA DA MISERICÓRDIA DE LISBOA DECRETO DE 15 DE AGOSTO DE 1917 5 CENTAVOS Lisboa 20 de Agosto de 1917 |
| 背面描述 | The reverse shows a mirror-image bleed-through of the obverse letterpress impression in pale grey-brown tones, with no independent design elements. The ornate border, denomination, and inscriptions are visible in reverse, confirming single-sided printing on thin paper stock. |
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Santa Casa da Misericórdia de Lisboa issued these small-denomination cédulas in 1917 as a direct response to the acute coin shortage that plagued Portugal during the First World War. Silver and bronze had largely vanished from circulation — hoarded or melted — and the state was slow to fill the gap. Charitable institutions, municipalities, and private firms stepped in with their own emergency scrip, a phenomenon that produced hundreds of distinct local issues across the country.
The Diário de Notícias connection places this note in a numbered collector series issued decades later — a reproduction set, not original wartime scrip. Worth distinguishing before attributing circulation history.