1. Historical Context and Purpose of Issue
The 10 Escudos coin of 1987 was minted by Portugal to commemorate an initiative of the Council of Europe (“Council of Europe – Rural World”), aimed at highlighting the importance of rural areas and agriculture across the continent.
In 1987, such campaigns sought to raise awareness about the economic development of rural areas in Europe, emphasizing their cultural, social, and economic value.
2. Technical Specifications
| Feature | Details |
|---|---|
| Denomination | 10 Escudos |
| Year of Issue | 1987 |
| Composition | Nickel-brass (Cu 79%, Zn 20%, Ni 1%) |
| Weight | Approximately 7.4 g |
| Diameter | 23.5 mm |
| Thickness | About 2.35 mm |
| Edge | Reeded |
| Mintage | Approximately 1,950,000 coins + 50,000 for annual sets |
| Mint | Imprensa Nacional – Casa da Moeda, Lisbon |
| Designer / Engraver | Hélder Batista |
3. Design and Symbolism
Obverse (front):
- Features the Portuguese coat of arms.
- Above the coat of arms, a stylized knot is part of the usual design for this coin series.
- Circular inscription: “REPUBLICA PORTUGUESA” and the year “1987”.
Reverse (back):
- Depicts a hand planting or holding an olive branch/tree (“rural world”), symbolizing peace, agriculture, and rural growth.
- Twelve stars around the design, likely referencing Europe.
- Inscription: “CONSELHO DA EUROPA * MUNDO RURAL” and the denomination “10$00”.
4. Circulation and Withdrawal
- This coin was legal tender and circulated normally in Portugal until the escudo was replaced by the euro.
- Official withdrawal from circulation: February 28, 2002, when the escudo ceased to be legal currency.
5. Numismatic Value
The collector value varies depending on condition:
- Prices range from US$ 0.22 (heavily circulated) to US$ 9.72 (uncirculated/UNC condition).
- Another estimate places its value between US$ 0.30 and US$ 4.99, depending on luster, preservation, and rarity.
- In euros, a coin in UNC condition may be worth up to about €8.40.
Notes about numismatic value:
- The relatively high mintage (~1.95 million) makes this coin very common, limiting its value as a rare piece.
- Higher values are achieved by uncirculated coins or coins with minimal wear.
- Coins in average or poor condition are modestly valued, mainly for their collectible aspect, not extreme rarity.
6. Numismatic Significance
- Although not extremely rare, the 1987 10 Escudos coin represents a symbolic theme: the promotion of agriculture and rural areas in Europe under the Council of Europe.
- Part of a series of regular commemorative coins minted by Portugal in the final decades of the escudo.
- For collectors of Portuguese coins, especially from the 3rd Republic (1974–2001), it is an interesting addition due to its theme and status as circulating currency.
7. Collector Tips
- Check the condition: the brighter and less worn, the higher the value.
- Buy from reliable sellers and request detailed photographs if claiming “uncirculated.”
- Use numismatic catalogs or communities to compare prices and conditions (e.g., Numista, Foronum, or specialized auction houses).
- Store in capsules or coin holders to preserve condition if intended for collection.
Conclusion
The 10 Escudos coin of 1987 – Council of Europe / Rural World is interesting both historically and numismatically. While not rare, its symbolism and connection to a social cause (support for rural Europe) make it significant for collectors. Its value is accessible, especially in good condition, making it a great choice for anyone looking to start or expand a collection of Portuguese coins.
