50 escudos 1967

Common. The eBay market data shows consistent sales activity across multiple condition grades spanning from 2012 to 2022, with prices predominantly under $50 even for graded PMG specimens. An UNC example sold for $21.50 in November 2018 and $9.52 in November 2016, indicating moderate collector interest but no scarcity premium. The Banco Nacional Ultramarino issued significant quantities of this denomination for circulation in Timor, and no evidence of restricted print runs, recalls, or short-lived issuing conditions exists. The straightforward availability in the secondary market confirms common status.

This banknote was issued during the final decade of Portuguese colonial rule in Timor, authorized under Decrees-Law 39221 and 44891 and dated October 24, 1967. The reverse imagery prominently features the Banco Nacional Ultramarino's founding date of 1864 (Lisboa-1864) and its emblematic sailing ship, symbolizing Portugal's maritime colonial heritage and the bank's role in overseas financial administration. The portrait of Régulo d'Aleixo honors a significant local authority figure from Timor's indigenous administrative structure during the colonial period.

The obverse presents a formal portrait of Régulo d'Aleixo in profile, positioned at the right side of the note, wearing what appears to be formal or military headwear. The portrait is contained within an ornamental oval frame on the right. A matching empty oval frame appears on the left side, providing symmetrical design balance. The center of the obverse features the Portuguese coat of arms with heraldic styling. The entire design is executed in blue as the primary color with a multicolored underprint in pink/mauve and gray tones, incorporating intricate guilloche geometric patterns as security features and decorative borders. The reverse displays two major emblems: on the left, the Banco Nacional Ultramarino's founding seal featuring an engraved sailing ship within a circular ornamental frame inscribed 'LISBOA-1864', and on the right, a crowned heraldic design with a coat of arms incorporating maritime elements. Large '50' denomination numerals are positioned in the bottom corners of the reverse. The overall color scheme shifts to blue ink on a light green/cream background.

Front Side: 'BANCO NACIONAL ULTRAMARINO' (National Overseas Bank), 'TIMOR', 'CINQUENTA ESCUDOS' (Fifty Escudos), 'DECRETOS-LEI 39221 e 44891' (Decrees-Law 39221 and 44891), 'LISBOA, 24 de OUTUBRO de 1967' (Lisbon, October 24, 1967), 'O ADMINISTRADOR' (The Administrator), 'O GOVERNADOR' (The Governor), 'RÉGULO D'ALEIXO' (Régulo of Aleixo), serial number '1376419', denomination '50', and Chinese characters '以 定 互 認 至'. Back Side: 'BANCO NACIONAL ULTRAMARINO' (National Overseas Bank - appears twice), 'LISBOA-1864' (Lisbon-1864), 'CINQUENTA ESCUDOS' (Fifty Escudos), denomination '50' (appears in both corners).

This note was produced using traditional intaglio (engraved) printing by Bradbury Wilkinson and Company (BWC), as indicated in the catalog data. The visual analysis confirms sophisticated fine line engraving throughout, evidenced by the intricate guilloche geometric patterns, detailed heraldic designs, ornamental borders, and fine detail work visible in the ship engraving. The multi-color security underprint was likely applied separately during the printing process, a technique characteristic of high-security banknote production of the 1960s period.

This specimen appears to be P-27a (Printer: BWC), the primary variety for the Pick-27 base number. The PMG population report indicates three cataloged variants exist for this denomination (P-27a, P-27cts, and P-27s), all printed by BWC. The specific variety cannot be definitively determined from the visual analysis alone without access to detailed variant differentiation data (such as signature differences, control marks, or security feature variations), but the standard BWC printer mark and standard design elements suggest the main P-27a issue. The serial number visible is 1376419.