Home :: World Banknotes - P :: Portugal :: Portugal Set of 5 and 10 Centavos 1921 (Câmara Municipal de Coimbra) XF & UNC

Portugal Set of 5 and 10 Centavos 1921 (Câmara Municipal de Coimbra) XF & UNC

Portugal Set of 5 and 10 Centavos 1921 (Câmara Municipal de Coimbra) XF & UNC
Product Code:
PT-COI2
Price:
75.00 ($ 88.50)
Qty
Set of 2 emergency notes: 5 and 10 Centavos 1921 – Câmara Municipal de Coimbra (© Front: Architectural arches and columns, elaborate classical ornamentation, architectural motifs. Historical notable buildings: 1. Romanesque cloister arcade at the Royal Monastery of Santa Maria de Celas; 2. Old Cathedral of Coimbra – Sé Velha de Coimbra; 3. Mosteiro de Santa Cruz) (5c note) and view of Old Town of Coimbra, as seen from Santa Clara Bridge (10c note). Back: Coat of Arms of the City of Coimbra. Watermark: None. Predominant colours: Green and brown. Date of issue: 1921. Period: 1917-1925. Designer: Câmara Municipal de Coimbra. Signature(s): Blue ink-stamped facsimile signature of F. Villares? Also on the 5c note there is a signature that's part of the engraved plate design: Presidente ... ...oal? João Dia... ....? Issuing authority: Câmara Municipal de Coimbra, Coimbra District. Demonetized: Unknown. Material: Cotton fiber paper. Printer: Unknown) XF & UNC

Dimensions (5c): 104 x 68 mm
Dimensions (10c): 105 x 70 mm

Catalogue Number: Unknown

Grade/condition: Extremely Fine (10c) and Uncirculated (5c) (XF & UNC) (lightly circulated, lightly used and new) GRADING INFO

Texts: Câmara Municipal de Coimbra. Cinco 5 Centavos. Dez 10 Centavos.

Remark: During the First Portuguese Republic (1910–1926), Municipality of Coimbra 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.