since when is it in circulation and where can you pay with it

since when is it in circulation and where can you pay with it

P. Francesch
Updated: 05/06/2022 16:57h

It is customary among the different European central banks to issue from time to time series of commemorative coins of historical events of their nation.

The coinage of
collectible coins in Spain
It is something that is becoming customary lately. A few months ago the Bank of Spain launched a collector's coin of 1 euro and 50 cents dedicated to the Iberian lynx. Since last March 23, a new batch of collector coins with the value of
two euros
. It consists of two commemorative models, one commemorates the V Centenary of the First Around the World, and the other is dedicated to the Garajonay National Park on the island of La Gomera. Another coin minted by Spain was the previous March 8, International Women's Day, as a tribute to the 50th anniversary of the death of the writer Clara Campoamor.

This time Spain is not the protagonist of the
issuing a new currency
but Portugal. As of May 5, the Portuguese Bank has launched a new collector's coin. The set of silver pieces, worth 7.5 euros each, has received the name "Conclusion 1522" and belongs to the commemorative series of the "V Centenary of Ferdinand Magellan's Circumnavigation Voyage."

.@bancodeportugal places in circulation on May 5th collection coin – “Conclusion 1522”

— Bank of Portugal (@bancodeportugal) April 27, 2022

It is a limited edition of an exclusive total of 50,000 coins that only have liberating power in Portugal. In other words, even if they are euros, they can only be used as a means of payment in
portuguese territory
. Those who want to buy these collection items can do so at Banco de Portugal credit institutions and treasuries.

As far as the coin itself is concerned, the armillary globe with the legend "Sphera Mundi" appears on its obverse, the nominal value of €7.5 is located in the lower left quadrant and the legends "2022" appear on the outer edge. Portugal”, “Circum Navegação” and “1519-1522”. On the other side, on the reverse, we see the representation of the ship Victoria, which was the only ship that, commanded by Juan Sebastián Elcano, returned to Spain after going around the world after the death of Fernando de Magallanes in 1521. In the The upper edge reads "Fernão Magalhães" and the lower edge reads "Elcano's Conclusion", "1522", "INCM" and the author's indication.

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