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10 Euros Ibero-America - Navigation

Issuer Imprensa Nacional-Casa da Moeda (INCM)
Year 2003
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Currency Euro (2002-date)
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Obverse description Central motif features the Portuguese coat of arms, surrounded by a ring of ten national shields representing the participating nations of the Ibero-American series: Argentina, Cuba, Ecuador, Spain, Guatemala, Mexico, Nicaragua, Paraguay, Peru, and Portugal. The shields are arranged in a circular border around the central arms, lending the design a heraldic and diplomatic character. The denomination and issuing state appear in the peripheral legend.
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Edge Reeded
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Additional information

This piece belongs to the long-running Ibero-American series, a joint commemorative program launched in 1991 involving mints from Spain, Portugal, and Latin American nations issuing thematically coordinated coins simultaneously. The Navigation theme for 2003 was a natural fit for Portugal, whose 15th- and 16th-century maritime expansion fundamentally reshaped global trade routes and cartography. At .500 fineness, the alloy is noticeably lower than the .925 sterling used by many comparable commemorative programs — a cost-driven decision by INCM that affects the coin's luster relative to other issues in the series.

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