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Portugal
500th Anniversary of the Birth of Pedro Alvares Cabral
1968 BU Silver 50 Escudos 34mm (17.96 grams) 0.650 Silver (0.3762 oz. ASW)
Reference: KM# 593
Republica·Portuguesa 50$00 Coat of arms.
V CENTº NASCIMENTO DE PEDRO ALVARES CABRAL, Bust facing right.
You are bidding on the exact item pictured, provided with a Certificate of Authenticity and Lifetime Guarantee of Authenticity.
 Pedro Álvares Cabral (c. 1467 or 1468 – c. 1520) was a Portuguese nobleman, military commander, navigator and explorer regarded as the European discoverer of Brazil. In 1500 Cabral conducted the first substantial exploration of the northeast coast of South America and claimed it for Portugal. While details of Cabral’s early life remain unclear, it is known that he came from a minor noble family and received a good education. He was appointed to head an expedition to India in 1500, following Vasco da Gama’s newly-opened route around Africa. The undertaking had the aim of returning with valuable spices and of establishing trade relations in India-bypassing the monopoly on the spice trade then in the hands of Arab, Turkish and Italian merchants. Although the previous expedition of Vasco da Gama to India, on its sea route, had recorded signs of land west of the southern Atlantic Ocean (in 1497), Cabral led the first known expedition to have touched four continents: Europe, Africa, America, and Asia.
His fleet of 13 ships sailed far into the western Atlantic Ocean, perhaps intentionally, and made landfall (April 1500) on what he initially assumed to be a large island. As the new land was within the Portuguese sphere according to the 1494 Treaty of Tordesillas, Cabral claimed it for the Portuguese Crown. He explored the coast, realizing that the large land mass was probably a continent, and dispatched a ship to notify King Manuel I of the new territory. The continent was South America, and the land he had claimed for Portugal later came to be known as Brazil. The fleet reprovisioned and then turned eastward to resume the journey to India.
A storm in the southern Atlantic caused the loss of several ships, and the six remaining ships eventually rendezvoused in the Mozambique Channel before proceeding to Calicut in India. Cabral was originally successful in negotiating trading rights, but Arab merchants saw Portugal’s venture as a threat to their monopoly and stirred up an attack by both Muslims and Hindus on the Portuguese entrepôt. The Portuguese sustained many casualties and their facilities were destroyed. Cabral took vengeance by looting and burning the Arab fleet and then bombarded the city in retaliation for its ruler having failed to explain the unexpected attack. From Calicut the expedition sailed to the Kingdom of Cochin, another Indian city-state, where Cabral befriended its ruler and loaded his ships with coveted spices before returning to Europe. Despite the loss of human lives and ships, Cabral’s voyage was deemed a success upon his return to Portugal. The extraordinary profits resulting from the sale of the spices bolstered the Portuguese Crown’s finances and helped lay the foundation of a Portuguese Empire that would stretch from the Americas to the Far East.
Cabral was later passed over, possibly as a result of a quarrel with Manuel I, when a new fleet was assembled to establish a more robust presence in India. Having lost favor with the King, he retired to a private life of which few records survive. His accomplishments slipped mostly into obscurity for more than 300 years. Decades after Brazil’s independence from Portugal in the 19th century, Cabral’s reputation began to be rehabilitated by Emperor Pedro II of Brazil. Historians have long argued whether Cabral was Brazil’s discoverer, and whether the discovery was accidental or intentional. The first question has been settled by the observation that the few, cursory encounters by explorers before him were barely noticed at the time and contributed nothing to the future development and history of the land which would become Brazil, the sole Portuguese-speaking nation in the Americas. On the second question, no definite consensus has been formed, and the intentional discovery hypothesis lacks solid proof. Nevertheless, although he was overshadowed by contemporary explorers, historians consider Cabral to be a major figure of the Age of Discovery.
  Portugal, officially the Portuguese Republic (Portuguese: República Portuguesa), is a country on the Iberian Peninsula, in Southwestern Europe. It is the westernmost country of mainland Europe, being bordered by the Atlantic Ocean to the west and south and by Spain to the north and east. The Portugal-Spain border is 1,214 km (754 mi) long and considered the longest uninterrupted border within the European Union. The republic also includes the Atlantic archipelagos of the Azores and Madeira, both autonomous regions with their own regional governments.
 The territory of modern Portugal has been continuously settled, invaded and fought over since prehistoric times. The Pre-Celts, Celts, Phoenicians, Carthaginians and the Romans were followed by the invasions of the Visigothic and the Suebi Germanic peoples, who were themselves later invaded by the Moors. These Muslim peoples were eventually expelled during the Christian Reconquista. Portuguese nationality can be traced back to the creation of the First County of Portugal, in 868. In 1139, Afonso Henriques was proclaimed King of Portugal, thus firmly establishing Portuguese independence, under the Portuguese House of Burgundy.
In the 15th and 16th centuries, under the House of Aviz, which took power following the 1383-85 Crisis, Portugal expanded Western influence and established the first global empire, becoming one of the world’s major economic, political and military powers. During this time, Portuguese explorers pioneered maritime exploration in the Age of Discovery, notably under royal patronage of Prince Henry the Navigator and King João II, with such notable discoveries as Vasco da Gama’s sea route to India (1497-98), Pedro Álvares Cabral’s discovery of Brazil (1500), and Bartolomeu Dias’s reaching of the Cape of Good Hope. Portugal monopolized the spice trade during this time, under royal command of the Casa da Índia, and the Portuguese Empire expanded with military campaigns led in Asia, notably under Afonso de Albuquerque, who was known as the “Caesar of the East”.
The destruction of Lisbon in a 1755 earthquake, the country’s occupation during the Napoleonic Wars, the independence of Brazil (1822), and the Liberal Wars (1828-1834), all left Portugal crippled from war and diminished in its world power. After the 1910 revolution deposed the monarchy, the democratic but unstable Portuguese First Republic was established, later being superseded by the “Estado Novo” right-wing authoritarian regime. Democracy was restored after the Portuguese Colonial War and the Carnation Revolution in 1974. Shortly after, independence was granted to all its colonies and East Timor, with the exception of Macau, which was handed over to China in 1999. This marked the end of the longest-lived European colonial empire, leaving a profound cultural and architectural influence across the globe and a legacy of over 250 million Portuguese speakers today.
Portugal is a developed country with a high-income advanced economy and high living standards. It is the 5th most peaceful country in the world, maintaining a unitary semi-presidential republican form of government. It has the 18th highest Social Progress in the world, putting it ahead of other Western European countries like France, Spain and Italy. It is a member of numerous international organizations, including the United Nations, the European Union, the eurozone, OECD, NATO and the Community of Portuguese Language Countries. Portugal is also known for having decriminalized the usage of all common drugs in 2001, the first country in the world to do so. However, the sale and distribution of these drugs is still illegal in Portugal.
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