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The Portugal 1 Escudo 1959 KM#578 is a coin that holds historical and numismatic significance. As a part of Portugal's coinage history, this particular piece offers insights into the nation's currency, design aesthetics, and historical context during the mid-20th century.
Designed by the talented Portuguese engraver João da Silva, the obverse side of the coin features a profile portrait of António de Oliveira Salazar. Salazar was a prominent figure in Portugal's history, serving as the Prime Minister and effectively becoming the authoritarian ruler of Portugal from 1932 to 1968. His image on the coin underscores the influence of his regime on the nation's monetary policy.
The coin's reverse side features the denomination "1 ESCUDO" surrounded by a wreath of olive branches, symbolizing peace and prosperity. This design element reflects the artistic sensibilities of the era and the aspiration for stability during a period marked by political and economic challenges.
The year "1959" is prominently displayed on the reverse, indicating the coin's minting year. This date is a historical reference point, allowing collectors and historians to place the coin within the context of Portugal's history during the mid-20th century.
The Portugal 1 Escudo 1959 KM#578 coin was minted in Lisbon, the capital city of Portugal. The Casa da Moeda de Lisboa, or the Royal Mint of Lisbon, was responsible for producing this coin. The Lisbon Mint has a long history of producing high-quality coins and medals, contributing to Portugal's numismatic heritage.
Regarding mintage figures, exact numbers for this specific coin may be challenging to determine due to the limited availability of historical records. However, coins of this type were typically produced in substantial quantities to support daily commerce, ensuring their widespread circulation throughout Portugal.
This coin has a weight of approximately 4 grams and a diameter of around 22 millimeters. It is made of a base metal, typically a copper-nickel alloy. Such materials were commonly used for higher denomination coins during the mid-20th century, making them durable for everyday transactions.
The condition of this Portugal 1 Escudo 1959 KM#578 coin is described as AU (About Uncirculated). AU coins exhibit only slight traces of wear, with most of their original detail and luster preserved. This suggests that the coin saw limited circulation before being preserved, enhancing its collectible value.
An interesting historical fact about Portugal during the mid-20th century is its Estado Novo regime, which was characterized by authoritarian rule, censorship, and a conservative approach to governance. The presence of Salazar's image on the coin is a reminder of this period in Portugal's history.
In conclusion, the Portugal 1 Escudo 1959 KM#578 is a numismatic treasure that provides valuable insights into Portugal's history, politics, and coinage practices during the mid-20th century. Its historical significance, AU condition, and association with Salazar's regime make it a compelling addition to any coin collection.