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Collection - Coins and Notes - Diário de Notícias # 79 5 Centavos Notgeld

Issuer Banco do Minho, Braga
Year 1919
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Composition Paper
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Reverse description Uniform red guilloche design centered on a horizontal oval cartouche with a pale reserve panel carrying the denomination inscription. Four corner medallions each bear the interlaced 'BM' monogram of Banco do Minho within circular frames. A fine lace-pattern border runs the full perimeter, with a small floral ornament at top center above the central oval.
Reverse lettering VALE 5 CTVs
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Comments

Banco do Minho's 1919 emergency small change issues belong to a short-lived Portuguese notgeld moment triggered by acute coin shortages in the final years of the First Republic. Silver had effectively vanished from circulation, hoarded or melted, and low-denomination bronze coinage was chronically undersupplied by the Casa da Moeda. Regional banks and commercial houses across northern Portugal stepped in with cédulas — locally authorized paper substitutes — to keep retail trade moving.

The Diário de Notícias collection numbering suggests this note was later issued as part of a promotional series bundled with the Lisbon newspaper, which reproduced historic Portuguese emergency currency for collectors in the 1970s–80s. That provenance matters: catalog values and condition expectations differ sharply between original 1919 circulation pieces and the later facsimile or collector editions.

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