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Canceled banknotes


juantrillo
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Hello.

I have seen that there are some banknotes of these portuguese colonies have some holes. Some two large round holes, others, more than two but smaller. I wonder who, when and how did that cancellation and because there are some banknotes without holes.

Moreover, these holes reduce the value of the banknote?

Thanks.

 

port_india.jpg

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Hello.

I have seen that there are some banknotes of these portuguese colonies have some holes. Some two large round holes, others, more than two but smaller. I wonder who, when and how did that cancellation and because there are some banknotes without holes.

Moreover, these holes reduce the value of the banknote?

Thanks.

 

port_india.jpg

 

While this is the set I have most commonly seen with punched holes, by no means they are the only ones, I am struggling to recall others right now. And yes, you are right, this invalidation certainly reduces the value significantly.

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  • 3 weeks later...
While this is the set I have most commonly seen with punched holes, by no means they are the only ones, I am struggling to recall others right now. And yes, you are right, this invalidation certainly reduces the value significantly.

 

It's quite common to have punch hole cancellation. Some Specimen notes are punch hole cancelled too. Recently I bought a rare St. Vincente $5 1917 note which has such cancellation.stvincent2fx-1.jpg

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There have been many ways to cancel a banknote. Some places cut pieces out, some punched large holes, some had shaped holes, and some like this Mozambique note has perforated words and dates placed into them.

 

It's hard to see unless it's held to the light.

 

2937pkl.jpg

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My guess on the Portuguese India notes is that they were either cancelled by the Indian authorities in the former colonies - or perhaps they were cancelled by the Banco Nacional Ultramarino in Portugal after the Indian takeover.

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