Portugal 1 Escudo - 1961 is a notable coin from the Portuguese Second Republic era, issued as part of the standard circulation coins between 1927 and 1968. This coin reflects Portugal's rich numismatic heritage and national symbolism during the mid-20th century.
Overview
The 1961 1 Escudo coin was minted during a period of political stability under the Estado Novo regime. It served as a common denomination in everyday transactions and is recognized for its classic design and durable composition.
Physical Specifications
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Denomination: 1 Escudo
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Year: 1961
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Composition: Nickel brass (Copper 61%, Zinc 20%, Nickel 19%)
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Weight: 8 grams
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Diameter: 26.8 mm
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Thickness: Approximately 2 mm
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Shape: Round
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Edge: Reeded
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Mint: Imprensa Nacional - Casa da Moeda, Lisbon, Portugal
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Orientation: Medal alignment (↑↑)
Obverse Design
The obverse features a right-facing Liberty head, symbolizing freedom and the republic. Surrounding the portrait is the inscription "REPUBLICA PORTUGUESA" along with the year of issue "1961". The design was created by renowned Portuguese engravers José Simões de Almeida and Domingos Alves do Rego.
Reverse Design
The reverse displays the Portuguese coat of arms encircled by a decorative wreath. Below the coat of arms is the denomination "1 ESCUDO" prominently displayed. The design emphasizes national pride and the historical significance of Portugal's heraldry.
Historical Context
Issued during the Estado Novo regime, the 1961 1 Escudo coin reflects Portugal's efforts to maintain a stable currency system amid global post-war economic changes. The coin was widely circulated and used in daily commerce until the introduction of the Euro.
Collector Notes
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Mintage: Approximately 2,505,000 coins minted in 1961
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Rarity: Generally common
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Market Value: Circulated coins typically valued between $0.35 and $1.50 depending on condition
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Catalog Reference: KM #578
