Cape Verde Silver Coin Melt Values - Live Calculator
The table below lists each denomination and computes live melt value from the current silver spot price of $66.76 per troy ounce.
| Coin | Face Value | Years | Fineness | Gross Weight (g) | ASW (g) | ASW (oz t) | Qty | Melt Value |
|---|---|---|---|---|---|---|---|---|
| Escudos | 10 | 1953 | 0.72 | 5 | 3.6 | 0.1157 | $0.00 | |
| Grand Total | $0.00 | |||||||
Country Silver Coin History
Historical Context
When the Portuguese discovered and began to colonize Cape Verde in the mid-15th century, they introduced the Portuguese currency system. Initially, the colony used various forms of Portuguese coins, including those made of silver.
Cape Verde's strategic location made it an important trading hub in the Atlantic Ocean. The use of Portuguese silver coins facilitated trade with Europe, Africa, and the Americas. These coins were vital for transactions involving goods such as slaves, salt, and agricultural products.
Use of Silver Coins in Cape Verde
Throughout the 19th and early 20th centuries, Cape Verde continued to use Portuguese currency, including silver coins. The silver escudo was the primary currency used in the colony, reflecting the monetary standards of Portugal.
Silver coins such as the 500 and 1000 réis, and later the escudo coins, were commonly used. These coins featured designs that were consistent with those circulated in mainland Portugal, including images of Portuguese monarchs and national symbols.
