Old portuguese escudos

Portuguese escudos were the official currency of Portugal from 1911 to 2002, replaced by the euro, and are now collector items with historical and numismatic value.

About this subject

The Portuguese escudo was introduced in 1911, after the establishment of the Republic, replacing the Portuguese real. It circulated for 91 years until the adoption of the euro in 2002. The currency underwent several monetary reforms and devaluations, especially after the Carnation Revolution in 1974. Coins and banknotes featured historical figures such as Prince Henry the Navigator and poet Luís de Camões, along with national symbols like the armillary sphere and the coat of arms.

Common denominations included coins of 1, 2, 5, 10, 20, 50, 100 and 200 escudos, and banknotes of 500, 1000, 2000, 5000 and 10,000 escudos. The last coin series, launched in the 1990s, depicted themes of Portuguese discoveries and marine fauna. The escudo was also used in overseas territories like Angola, Mozambique and Cape Verde, though with distinct designs.

Today, Portuguese escudos are highly sought-after collector items, especially commemorative coins and well-preserved banknotes. Numismatic value varies by rarity, year, and mintage. Some coins, such as the 5 escudos from 1932 (featuring the effigy of the Republic), can fetch hundreds of euros at auctions. The conversion to the euro was set at a fixed rate of 200.482 escudos per euro, and the Bank of Portugal still allows the exchange of old banknotes for euros, with no deadline.

Frequently Asked Questions

What are Portuguese escudos?

They were the currency of Portugal from 1911 to 2002, replaced by the euro. Includes coins and banknotes with historical and numismatic value.

Are Portuguese escudos still worth anything?

Yes, banknotes can be exchanged for euros at the Bank of Portugal. Coins are no longer exchangeable but have collector value.

What is the most valuable Portuguese escudo?

Rare coins like the 5 escudos from 1932 or the 100 escudos from 1987 (commemorating the discovery of Brazil) can be worth hundreds of euros.