Escudo 上市 Deposited
A gold coin of Portugal originally issued about 1720 with a value of 1600 Reis, and which recieves its name from the large shield on the reverse. It was immediately adopted by the colonial possessions and struck at Rio and Minas.
When the new monetary system went into effect, on May 22, 1911, the unit fixed for the entire territory of the Republic, except the possessions in India, was the gold Escudo, which contains the same amount of gold as the Milreis, and is divided into one hundred equal parts called Centavos, so that one Centavo is equal to ten Reis of the old system. There are multiples of two, five, and ten gold Escudos, and a silver Escudo was struck, bearing the date October 5, 1910, to commemorate the proclamation of the new Republic.
- Frey's Dictionary (American Journal of Numismatics, Vol. 50, 1916)