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The Portugal 1 Escudo 1928 KM#578 is a remarkable coin that offers a window into Portugal's history during the early 20th century. Struck in 1928, this coin possesses historical significance, an intricate design, and tangible links to Portugal's economic landscape of the time.
During the 1920s, Portugal was undergoing a period of political and social transformation. The country had experienced a revolution in 1910 that led to the establishment of the Portuguese First Republic and the overthrow of the monarchy. This coin, minted in 1928, reflects Portugal's evolving identity as a republic.
The obverse of the coin features a striking depiction of an armored knight on horseback, facing right. This design is known as the "Armored Knight" and is one of the most iconic representations of Portugal's national identity. It symbolizes the country's historical warrior spirit and echoes Portugal's rich medieval history.
Surrounding the armored knight are the inscriptions "REPUBLICA PORTUGUESA" and "1 ESCUDO." The former emphasizes Portugal's status as a republic, while the latter denotes the coin's denomination. The use of escudos as the denomination reflects Portugal's adoption of the escudo as its official currency in the early 20th century.
The reverse of the coin features Portugal's national coat of arms, which includes the traditional five shields with different insignias. The central shield displays five small blue shields arranged in a cross pattern, representing Portugal's historical connection to the Christian faith. Above the coat of arms, you can see the value "1" flanked by two branches.
It is likely that this coin was minted in Lisbon, the capital city of Portugal, where the national mint was located. Skilled engravers and craftsmen carefully created the coin dies and oversaw the striking process to ensure the highest quality production.
Regarding mintage figures, coins of this type were typically produced in substantial quantities to meet the needs of everyday commerce. The circulation of such coins was essential for the functioning of the economy, facilitating transactions for goods and services.
The Portugal 1 Escudo 1928 KM#578 has a weight of approximately 5 grams and a diameter of about 23 millimeters. It is typically composed of copper-nickel, a commonly used alloy for coinage during this period due to its durability and resistance to wear.
When evaluating the condition of a coin, collectors often refer to a grading system that ranges from Poor (P) to Mint State (MS). The Portugal 1 Escudo 1928 coin is typically found in AU (About Uncirculated) condition. AU coins exhibit minimal wear, with well-preserved details and a sharp overall appearance, indicating limited circulation and careful handling.
One intriguing fact about Portugal during this era is its role as a colonial power. Portugal had an extensive colonial empire that spanned regions in Africa, Asia, and South America. This colonial presence had far-reaching cultural, economic, and political consequences, shaping Portugal's identity and global influence.
In conclusion, the Portugal 1 Escudo 1928 KM#578 is a fascinating numismatic artifact that provides insights into Portugal's history during the early 20th century. Its design celebrates Portugal's national identity, its likely minting in Lisbon, substantial mintage, copper-nickel composition, and AU condition collectively contribute to its historical and numismatic significance. This coin serves as a tangible link to an era when Portugal was navigating a new republic and establishing its place in the world.