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10 Escudos

Issuer Portugal
Year 1971-1974
Type Standard circulation coin
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Reverse lettering 10$00 MARTINS BARATA DEL. M. NORTE SCULP.
Edge Lettered
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Additional information

Portugal was under Salazarist dictatorship for most of this coin's design life, but the 1971 issue arrived just as Marcello Caetano had replaced the ailing Salazar — who suffered a fatal stroke in 1970 after years of incapacitation. The Estado Novo regime was hemorrhaging money and political will fighting three simultaneous colonial wars in Angola, Mozambique, and Guinea-Bissau, consuming over 40% of the national budget by the early 1970s.

The series was cut short by the Carnation Revolution of April 25, 1974, which ended 48 years of authoritarian rule in a nearly bloodless coup led by the Armed Forces Movement.

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