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200 Escudos Columbus and Portugal, Palladium

Issuer Imprensa Nacional Casa da Moeda (INCM)
Year 1991
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Value 200 Escudos (200 PTE)
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Obverse description The Portuguese national coat of arms, depicting the traditional shield with five escutcheons arranged in a cross pattern, is displayed in the upper left field. To its right, a stylised abstract motif of ocean waves rendered in flowing curved lines occupies the centre and right field, evoking the Age of Discovery and Portugal's maritime heritage. The denomination '200 ESCUDOS' and date '1991' are inscribed in the lower left field, with the metal and weight designation 'Pd 1 Oz.' below. The engraver's signature 'A. MARINHO' appears along the left rim and the mint mark 'INCM' along the right rim. The circular legend 'REPUBLICA PORTUGUESA' runs along the upper periphery in bold raised lettering.
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Reverse script Latin
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Additional information

Portugal's 1991 Columbus quincentenary series was issued in four metals simultaneously — gold, silver, platinum, and palladium — making it one of the few state mint programs of the period to strike a circulation-quality commemorative in palladium at all. The palladium issue was the rarest of the four by mintage, reflecting both the metal's niche collector market and INCM's cautious approach to a then-volatile commodity. Palladium had only recently begun appearing in numismatic programs, largely driven by Soviet-era Russian issues in the late 1980s.

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