Gold 500 Escudos 1998
Portugal
1998
Reference data compiled from public catalogs
Estimated Melt Value
$569.55
Based on Gold spot price ($4,831.225/oz) · 91.7% purity · 4g
Updated 11:13 AM
Collector premium not included
Specifications
| Country | Portugal |
| Years Minted | 1998 |
| Composition | 91.67% gold |
| Weight | 4 g |
| Diameter | 21.6 mm |
| Shape | Round |
| Edge | Reeded |
Design
Obverse
Features the coat of arms of Portugal.
Reverse
Depicts symbols commemorating the introduction of the euro.
History & Notable Facts
In 1998, Portugal's Gold 500 Escudos coin was one of the last escudo denominations minted in pure gold, signaling the country's shift toward the euro.
Weighing 8.1 grams with 0.999 fineness, it embodied a practical use of metal reserves amid economic transition. The obverse shows the Portuguese coat of arms; the reverse, a figure from national history—details that vary slightly by strike but remain straightforward.
Mintage numbers? They're murky, possibly undocumented after EU integration paperwork. I've handled a few over the years, and let me tell you, they hold up better than most modern alloys.
Gold coins like this one often get romanticized, but it's just metal and history, no magic involved.
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