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200 Escudos Molluques, Palladium

Issuer Imprensa Nacional-Casa da Moeda
Year 1995
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Value 200 Escudos (200 PTE)
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Obverse description The Portuguese coat of arms is prominently displayed to the left of the field, flanked by naturalistic sprigs of clove (Syzygium aromaticum) above and nutmeg (Myristica fragrans) below, both spices historically sought by European navigators in the Maluku Islands during the 16th century. The legend encircling the design reads REPUBLICA PORTUGUESA, with the date 1995 and denomination 200 ESC. also inscribed. The engraver's signature A. MARINHO and the mint mark INCM appear alongside the palladium purity designation Pd 1oz.
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Obverse lettering REPUBLICA PORTUGUESA 1995 200 ESC. A.MARINHO INCM Pd 1oz
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Additional information

Portugal issued this palladium piece as part of a multi-metal series commemorating the Portuguese Age of Discovery — the same series ran in gold, silver, and platinum. Palladium was an unusual choice for a sovereign mint in 1995, when the metal had only a thin numismatic track record and spot prices were a fraction of what they would reach by the early 2000s. Mintages across the palladium variants were kept extremely low, largely because collector demand for the metal was speculative and poorly understood at the time.

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