Quick Summary
The commemorative 200 Escudos (1993) coin known as “Espingarda” is part of the 4th series dedicated to the Portuguese Discoveries — theme “The Great Meeting of Civilizations.” Several versions exist (common copper-nickel circulation/commemorative, silver proofs, and precious-metal collector editions). Its value varies significantly depending on the variant, condition, and certification.
Description and Technical Characteristics
- Common name: 200 Escudos — Espingarda (Teppo, the first matchlock firearm 1543–1575)
- Series: IV Series of the Portuguese Discoveries
- Catalogue designation: Often listed as KM#666 in catalogues
- Composition (most common version): Copper-nickel
- Weight (Cu-Ni version): approx. 21.1 g
- Diameter: approx. 36 mm
- Other variants: Silver proof versions and gold/precious-metal editions also exist, generally with lower mintages and aimed at collectors.
Design and Iconography
The coin’s design highlights the “espingarda” (matchlock firearm), symbolizing technological and cultural exchanges between Portugal and Eastern civilizations in the 16th–17th centuries. Heraldic elements and inscriptions follow the typical layout of Portuguese commemorative issues of the period.
Mintage and Circulation
The copper-nickel version was produced as a commemorative circulation coin, with a relatively high mintage. Silver and gold variants have much smaller mintages and are intended for collectors (often in proof quality). Consequently, the Cu-Ni version is the most commonly encountered by collectors.
Numismatic Value (Estimated Ranges)
Values vary based on market conditions, state of preservation (VF–UNC), proof status, and certification (NGC/PCGS).
Copper-Nickel (common)
- Circulated (VF–XF): usually €1–€5
- Uncirculated (UNC / high grade): can reach several euros to a few dozen euros
Silver (collector/proof)
- Depending on weight and version, typical auction results:
- Standard heavy silver proof pieces: around €40–€60 at auction
- Certified or high-grade proofs: €80–€150+ depending on grade and presentation
Gold / Precious-Metal Editions
- Rare collector editions or bullion-style issues may be listed for €2,000+, depending on gold content and rarity.
Overall conclusion
The common copper-nickel version has low monetary value, but the silver proof and gold versions carry significantly higher numismatic and material value.
Tips for Buyers and Sellers
- Identify the exact variant: Cu-Ni, silver, or gold. Weight and color help; a proper scale is best.
- Assess condition: Scratches and circulation marks reduce value; proof/UNC/certified coins are worth more.
- Compare sources: Check numismatic shops, auction houses, and collector databases to determine realistic market value.
- Beware inflated prices: Marketplace listings can vary widely—prioritize actual auction results.
Quick Guide to Identify Your Coin
- ~21.1 g, 36 mm, Cu-Ni look → standard circulation/commemorative version (KM#666)
- Heavy, silver, proof finish → collector silver version
- Very high price / gold color / certificate → precious-metal edition (verify purity and weight)
Final Notes
The 1993 “Espingarda” 200 Escudos is an attractive piece for collectors of Portuguese commemorative coins. While the standard Cu-Ni version is common and inexpensive, the silver and gold editions offer genuine numismatic value.
