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| Issuer | Imprensa Nacional-Casa da Moeda |
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| Year | 2015 |
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| Value | 2 Euros |
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| Obverse description | The obverse features a stylized depiction of a 16th-century Portuguese Nau (carrack), evoking the arrival of Portuguese navigators to the island of Timor in 1515, alongside a traditional Timorese thatched-roof dwelling adorned with characteristic wooden sculptures referencing local myths and legends. The composition alludes to the island's first inhabitants, who arrived by sea from the Asian continent, and to the role of the horse in traversing Timor's mountainous terrain. The date '1515' and the issuing country name 'PORTUGAL' appear in the upper right field, while the inscription 'TIMOR' and the commemorative year '2015' are positioned in the lower left. The mint mark 'INCM' and the engraver's signature of Fernando Fonseca appear at the bottom of the design. |
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| Mintage | 2015 INCM - - 500,000 2015 INCM - BU set - 3,976 2015 INCM - Proof - 3,039 |
| Additional information |
Portugal issued this coin to commemorate the 500th anniversary of the first Portuguese contact with Timor, recorded around 1515 when Dominican friars and traders reached the island following the fall of Malacca in 1511. The Portuguese presence eventually solidified into a colonial administration centered on Dili, though control remained contested — by the Dutch, by Japan during World War II, and finally by Indonesia following the 1975 invasion. Timor-Leste only achieved full independence in 2002, making this anniversary commemoration an unusually layered acknowledgment of five centuries of complicated entanglement.