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Portugal Set of 1 and 2 Centavos 1920s (Câmara Municipal de Sintra) XF & AU-UNC

Portugal Set of 1 and 2 Centavos 1920s (Câmara Municipal de Sintra) XF & AU-UNC
Product Code:
PT-SIN2
Price:
75.00 ($ 87.75)
Qty
Set of 1 and 2 Centavos 1920s – Câmara Municipal de Sintra (Front: National Palace of Pena at Sintra. Back: Sintra City Council and Town Hall building – Paços do Concelho de Sintra, Câmara Municipal de Sintra. Watermark: N/a. Predominant colours: Blue and green (1c); olive-green and red (2c). Date of issue: Without the Municipal hearing, ca. 1920s. Period: 1917-1925. Designer: Câmara Municipal de Sintra. Signature: A. Duarte da Silva (e) Souza (O Presidente da Comissão Executiva, 1914–1925+). Issuing authority: Câmara Municipal de Sintra, Lisbon District. Demonetized: Yes. Material: Cotton fiber paper. Printer: Unknown) XF & AU-UNC

Feature: Cold embossed seal is present only on the 2 centavos note. Both emergency notes are stamped with serial numbers. See the photo for WYSIWYG.

Serial Nos: 46254, 00954

Dimensions: 80/81 x 54/55 mm

Catalogue Number: Unknown

Grade/condition: Extremely Fine (1c) and About Uncirculated to Uncirculated (2c) (XF & AU-UNC) (lightly circulated, lightly used and almost new) GRADING INFO

Texts: Câmara Municipal de Sintra. Vale 1 Um Centavo, 2 Dois Centavos.

Remark: During the First Portuguese Republic (1910–1926), the municipality of Sintra experienced an acute shortage of fractional metallic currency, which disrupted ordinary commercial activity. To mitigate this problem, the City Hall authorized the issuance of municipal banknotes as a form of emergency fiduciary currency. These issuances were considered illegal, since only the Casa da Moeda of Portugal had the legal authority to issue currency. However, their acceptance was based on practical necessity and the trust of the local population. Despite the formal ban on their circulation in 1924, these instruments remained in use following the Revolution of 28 May 1926, only disappearing definitively with the mass introduction of low-denomination metal currency.

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