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This 5 Escudos coin was issued by Portugal in 1932, under the authority of the Lisbon Mint. It belongs to an iconic series of Portuguese numismatics, known for depicting a caravel, the characteristic sailing ship of the Portuguese Age of Discovery in the 15th and 16th centuries. This maritime motif directly references Portugal's historical and maritime heritage, illustrating the naval power that allowed the country to establish one of the world's first colonial empires.
The coin is struck in silver with a fineness of 650?, corresponding to an alloy composed of 65% silver and 35% base metals, typically copper. It has a weight of 7 grams and a diameter of 25 millimetres, dimensions that give it a comfortable feel and an appealing visual presence.
The obverse of the coin features a representation of a caravel in full sail, a powerful symbol of Portuguese maritime expansion. The reverse classically displays the republican attributes in use at the time under the First Portuguese Republic, with the face value of 5 Escudos clearly indicated.
The mintage of this issue amounts to 800,000 specimens, a relatively moderate volume that contributes to the numismatic value of this coin today. Issued during a period of profound political change in Portugal ? with Salazar's Estado Novo gradually coming to power from 1933 onwards ? this 1932 coin represents one of the last monetary productions of the Portuguese political transition, lending it a certain historical interest for collectors specialising in 20th-century Iberian numismatics.