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Replies: 960 / Views: 62,536 |
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Pillar of the Community
 United States
7276 Posts |
Thanks Jbuck!
Last 3 we go back to classic coins.
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Pillar of the Community
 United States
3652 Posts |
Thanks for sharing the coins and providing the very interesting stories and pictures to go along with them!
Member of SPMC, FCCB, ANA and ANS. My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188
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Moderator
 United States
188877 Posts |
Quote: Last 3 we go back to classic coins. 
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Pillar of the Community
 United States
7276 Posts |
Today's coin is 500 Reis from 1898 and it commemorates the 400th anniversary of establishing the colony of Portuguese India (Goa). This is one of the few coins that feature both the King and Queen of Portugal. I like simple reverse and having both rulers actually gives the coin more appeal to me. One reason I wanted this coin is that my great-great grandfather was from Goa. In the early 1900's a lot of the Portuguese males had left to either join the army or went to the colonies. This resulted in a lack of labor for the farms. Portugal offered citizenship to all the natives of the colonies if they came to work on the farms, my great great grandfather was one of those. He came from Goa and worked on a large ranch near where my great great grandmother lived. They eventually married and had children. The family seems to have worked hard as they were able to acquire several large parcels of lands, which my grandmother eventually inherited and passed on to my mom (which my mom is currently selling off as her children are in the US). I don't have any other history as that was the only genealogy I was able to find out. A cousin was able to trace back most of our family, but since much of the family were poor farmers, there wasn't much in terms of pictures or other written history. Considering the culture in Portugal at the time, marrying a person from Goa may have been scandalous. But I digress. The coin, these actually circulated, many are in XF to AU as the monarchy only lasted 12 years after they were released.   Issuer: Portugal King Carlos I (1889-1908) Type: Circulating commemorative coin Year : 1898 Value: 500 Reis Currency: Real (decimalized, 1835-1910) Composition: Silver (.917) Weight: 12.5 g Diameter: 31 mm Shape: Round Orientation: Coin alignment Demonetized: Yes References: KM538 Mintage: 300,000
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Moderator
 United States
188877 Posts |
Quote: Today's coin is 500 Reis from 1898 and it commemorates the 400th anniversary of establishing the colony of Portuguese India (Goa). This is one of the few coins that feature both the King and Queen of Portugal. Beautiful! 
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Pillar of the Community
 United States
7276 Posts |
I posted previously about the overthrow of the New State and the establishment of the 3rd republic, so I won't cover that again, you can read about it in this Link: http://goccf.com/t/407854&whichpage=9#3516542Today's coin is the circulating version of the proof coin posted. Although I never saw this coin circulate. It was minted in 1976.   Issuer: Portugal Period: Third Republic (1974-date) Type: Circulating commemorative coin Year : 1976 Value: 100 Escudos (100 PTE) Currency: Escudo (1911-2001) Composition: Silver (.650) Weight: 15 g Diameter: 32 mm Thickness: 2 mm Shape: Round Orientation: Coin alignment Demonetized: Yes References: KM 603 Mintage: 950,000
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Moderator
 United States
188877 Posts |
Quote: Today's coin is the circulating version of the proof coin posted. Although I never saw this coin circulate. It was minted in 1976. Very nice! 
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Pillar of the Community
 United States
3652 Posts |
Thanks for sharing these latest coins and the interesting story about your ancestors. I've had a lot more luck with the genealogy on my mom's side of the family, as several branches trace back to somewhat prominent families in the 18th and 19th centuries. My dad's side has been much tougher, as many generations were poor farm families in very rural areas and a lot of records were never kept or are simply lost.
Member of SPMC, FCCB, ANA and ANS. My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188
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Pillar of the Community
 United States
7276 Posts |
Thanks @Hokie!
Since both sides came from poor farmers, there just weren't records and also considering they were in a foreign country, even less records. One of my cousins did a large genealogy study and was able to go back on some sides to before my Goan great great grandfather, but eventually the trail dies as the oldest family members pass away and we move.
More I think about it , I'll eventually live in Portugal half the time and in the US, the other half. I really enjoy the climate, food and culture.
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Pillar of the Community
 United States
7276 Posts |
My last coin..  Today you get a 20 Reis A little history or Portuguese money (coins) The Reis are precursor to the escudo. Portuguese money went from Mealha> Dinheiro> Hammered Real>Decimal Real (Reis)>Escudo > Euro Reals/Reis were essentially worthless with 1000 Reis equaling 1 Escudo. So 10 Reis equal 1 Centavo. 20 Reis converts to 2 centavos which is equal to .01 Euro cents. There were a few funny names for Reis. 20 Reis were called a Vintem 40 Reis were called a Patuca 1000 Reis or 1 escudo was called a pau (stick). Even as late as the 1980's Sometimes you go to the store and the price was 2$50 escudos and the shop keeper would say 2 paus 500. Or 2500 Reis. 1 million Reis or 1000 escudos were called a Conto There was also a pattern created of 80 Reis which the public called a Maluco as the weight increased from 25 Grams (20 Reis) to 40 grams (40 Reis) and to ~ 80 Grams (80 Reis) The funny part is that Maluco is slang for a crazy person/thing. Probably why the mint never made a maluco!    Also an 80 gram (2.8 oz) coin is pretty heavy. The coin   Issuer: Portugal King Luís I (1861-1889) Type: Standard circulation coin Years: 1867-1874 Value: 20 Reis Currency: Real (decimalized, 1835-1910) Composition: Copper Weight: 25.53 g Diameter: 37 mm Shape: Round Demonetized: Yes References: KM 515 Mintage: 1,575,000
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Moderator
 United States
188877 Posts |
Outstanding finale! 
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Pillar of the Community
 United States
5191 Posts |
Seems like Portugal had a perpetual turbulent time, reflected in its numerous debasements and demonetizations. The Netherlands, by comparison, was basically a snooze-fest.
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Pillar of the Community
 United States
7276 Posts |
@Numised,
Portugal has both been one of the richest countries in the world and the poorest in Western Europe. During the age of discoveries I read in a history book, the prevailing attitude of everyone in Lisbon was that no one worked and lived off of the riches of the colonies. Reading the current history of the Bank of Portugal that idea resounds.
Portugal was able to get so much gold and silver from the colonies that grand building schemes occurred over the countryside. This resulted in not creating an industrial revolution which caused economic issues in the late 1800 and early 1900's. Making the country ripe for an authoritarian regime taking over as that provided stability. The history of the Portuguese economy can be looked at:
900-1400 AD Poor in the beginning of the country with little development and small scale farming. 1400-1700 AD Age of Discovery, riches coming in from the colonies, Richest country in the world, no one worked. 1700-1800 AD Loss of Brazil, Napoleonic war. Economic shock. Economy rages from Bust to Bust 1800-1925 AD Boom and Bust economy. No real end in sight due to poor management and unstable governments 1925-1974 AD Stable economic growth (but authoritarian regime) from 1960 to the colonial wars (late 60/early 70) economic growth over 5% per year 1974-1980 AD After the revolution, economy tanked. Started a gradual climb back. 1980 to 2000's AD Unparralled Economic Growth, modernization of country 2010 to present Economic Collapse, rebuilding of economy to Covid to further modernization and inflation.
I believe going forward Portugal will fall in line with the European Economy.
Please note the above is VERY simplified, there have been times in economic collapse periods of prosperity and the opposite in times of Prosperity.
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Pillar of the Community
Australia
9416 Posts |
Hfjacinto, thank you for your journey through Portugal and the great additions to your collection.
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Pillar of the Community
 United States
7276 Posts |
Thank you Steve!
I'm not finished and may place an order soon, but I am limited on the coins on my wish list. Well I could buy all the commemorative released by Portugal but I would like a few of the older coins. I really want a nice 40 Reis (pataco) and a 2 centavo in iron. There are also 10 escudos in silver that I also want.
I do appreciate all the views. It really brought back how much I enjoy my home country and it's history.
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Replies: 960 / Views: 62,536 |