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Africa's smallest republic issued this bi-metal coin in two versions in 1994. KM# 40 is a bimetal with a bronze ring, KM# 40a is a bimetal with a brass ring.
Cape Verde or Cabo Verde is an island country spanning an archipelago of 10 volcanic islands in the central Atlantic Ocean. The Cape Verde archipelago was uninhabited until the 15th century, when Portuguese explorers discovered and colonized the islands, establishing the first European settlement in the tropics. Incorporated as an overseas department of Portugal in 1951, the islands continued to agitate for independence, which was peacefully achieved in 1975.
Coat of arms that separates the value top and bottom, and the date right and left.
Motor and sail brigantine Madalan was built in 1928 in Italy, it was registered in Cape Verde in 1950; it ran aground and was lost in 1959 at the port of Praia.