The 250 Escudos coin, issued in 1988 by the Portuguese National Mint (INCM), commemorates Portugal’s participation in the XXIV Summer Olympic Games held in Seoul, South Korea.
Physical and Artistic Features
- Face value: 250 Escudos.
- Material (standard version): cupronickel.
- Weight: approximately 23.1 g.
- Diameter: 37 mm.
- Thickness: ~2.6 mm.
- Edge: reeded.
- Orientation: coin aligned ↑↓.
Design
- Obverse: features the Portuguese national shield over a stylized floral pattern, with the inscription “REPUBLICA PORTUGUESA” and the value “250 ESC.”
- Reverse: shows runners in motion — symbolizing sports and the Olympic spirit — with the inscription “XXIV JOGOS OLIMPICOS SEUL 1988” and the engraver Hélder Batista’s signature (H. Baptista).
The cupronickel version circulated normally and was part of a commemorative issue.
In addition to the cupronickel version, there is a .925 silver Proof version, intended for collectors.
- Silver .925 (Proof / special edition): weight ~28 g, diameter 37 mm.
- Mintage of the Proof version: around 30,000 coins.
Historical Context
By issuing this coin, Portugal celebrated its participation in the 1988 Olympic Games — a major international event. The depiction of runners on the reverse symbolizes athletics and the broader Olympic values: effort, unity, fair play, and international aspiration. The coin’s production by the INCM in 1988 reflects the interest in linking national identity with the event.
The issuance of commemorative coins for the Olympic Games follows a long-standing numismatic tradition worldwide, serving as historical and cultural mementos.
Numismatic Value
Mintage and Rarity
- Cupronickel version mintage: 850,000 coins.
- Given the large quantity, this version is not particularly rare, although value depends on condition.
- The silver Proof version is more limited — around 30,000 coins — making it more attractive to collectors.
Market Price (Indicative)
Prices vary depending on condition (circulated vs. uncirculated vs. Proof), metal, and demand. Some references:
- Cupronickel common version: typically €3 to €7 depending on condition.
- Silver Proof version in mint condition: US$28–40 (~€25–35).
- Recent listings in Portugal show sale prices between €4 and €7, depending on condition.
Factors Affecting Value
- Condition: mint / uncirculated coins fetch higher prices.
- Version / metal: silver Proof edition is more sought after.
- Catalog reference: KM#643 (cupronickel), KM#643a (silver).
- Collector demand: commemorative coins of historical events attract attention, especially in high-grade condition.
Conclusion
The 1988 250 Escudos coin commemorating the Seoul Olympic Games is a coin of historical and collectible interest. The cupronickel version is relatively common, but represents an important moment in Portuguese sports history. The silver Proof version is more sought after and can reach €20–35 in collector markets depending on condition.
