Portugal 10 Escudos (1942) – The Silver Rarity of the Caravel Series The 1942 10 Escudos silver coin is widely regarded as one of the most prestigious and sought-after issues of the Portuguese Republic. While the "Caravel" series was produced across seven different years between 1932 and 1948, the 1942 edition stands apart due to its remarkably low mintage of only 186,190 pieces. This was the lowest production run for the entire 10 Escudos silver denomination, making it significantly scarcer than the common 1932 issue, which saw over 3 million pieces struck. This scarcity was largely driven by the global constraints of World War II, which impacted metal supplies and shifted economic priorities across Europe. Struck in 0.835 fine silver with a weight of 12.5 grams and a 30 mm diameter, the coin is a masterpiece of maritime-themed numismatic art. The obverse features the iconic Portuguese caravel, a symbol of the Age of Discovery, surging through waves under full sail. The reverse depicts the National Shield of Portugal set against an armillary sphere. Because these coins were struck in high-purity silver during a time of conflict, many were hoarded or later melted down, meaning that original, uncleaned specimens with sharp details are incredibly difficult to encounter in the modern market. From a valuation perspective, the 1942 10 Escudos is a true blue-chip investment piece that commands high premiums at every grade level. While circulated examples in "Very Fine" (MBC) condition are highly valued by collectors, those in "Extra Fine" (Bela) condition often reach market values between $450 and $500. In superior "About Uncirculated" (Soberba) or "Mint State" (FDC) grades, the coin enters the elite tier of Portuguese numismatics, with prices regularly exceeding $700 and reaching as high as $900 for specimens with exceptional luster or toning. This is a critical acquisition for any serious collector looking to complete a high-end set of 20th-century Portuguese silver.