New €7.50 silver coin comes into circulation

Image of the new €7.50 coin minted by the Bank of Portugal. Credit: Bank of Portugal

The Bank of Portugal has minted a new €7.50 silver coin which went into circulation this week

 

A new silver collector coin with a nominal value of €7.50 euros came into circulation this Thursday, May 5, 2022. It was minted by the Bank of Portugal and is called ‘Conclusion 1522’. It is a new collector’s coin, integrated into the commemorative series of the ‘V Centenary of the Circumnavigation Voyage of Ferdinand Magellan’. 

The armillary sphere is shown on the obverse, with the legend ‘Sphera Mundi’, the legends ‘2022 Portugal’, ‘Circum Navegação’, and ‘1519-1522’ appear on the outer edge of the coin, while the face value appears on the lower left. 

On the reverse face is engraved the ship ‘Victoria’, and on the upper part of the edge, the words ‘Fernão.de.Magalhães’ are inscribed. The lower edge features the legends ‘Conclusion of Elcano’, ‘1522’, ‘INCM’, and the signature of the author.

Distribution to the public is done through the credit institutions and treasury departments of the Banco de Portugal, and on the bank’s own website.

This new currency is actually legal tender, but can only be used as a means of payment in Portugal. It is bound to be highly appreciated by collectors in any country, especially since only 50,000 copies have been minted.

Last December, the Bank of Spain launched a €1.5 coin with its main face image that of the Iberian lynx. Unlike the Portuguese piece, this coin was designed exclusively for collectors and cannot be used as a means of payment.

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Written by

Chris King

Originally from Wales, Chris spent years on the Costa del Sol before moving to the Algarve where he is a web reporter for The Euro Weekly News covering international and Spanish national news. Got a news story you want to share? Then get in touch at [email protected]

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