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20 Escudos Financial Renewal, Pattern
| Issuer | Portugal |
|---|---|
| Year | 1953 |
| Type | Log in to see details |
| Value | 20 Escudos (20 PTE) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | The Portuguese coat of arms, comprising the national shield with castles and bezants, is superimposed upon an armillary sphere at the centre of the field. The denomination '20' and the abbreviation 'Esc.' appear flanking the shield on either side. The circular legend 'REPÚBLICA PORTUGUESA' arcs across the upper field, with the date '1953' completing the inscription in the lower field. |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | REPÚBLICA PORTUGUESA 20 Esc. 1953 |
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| Additional information |
The 1953 pattern 20 Escudos was struck during Salazar's Estado Novo regime as Portugal explored monetary reform options — the Financial Renewal series referenced the regime's signature economic policy achievement, the 1928–1929 fiscal restructuring that had rescued the Portuguese state from near-insolvency and remained, twenty-five years later, the ideological centerpiece of Salazar's legitimacy. Patterns of this type were produced in extremely limited numbers for official evaluation and were never released for circulation.
The Gomes reference R E11.04 places this among a small group of competing designs considered before the final 20 Escudos type was settled.