Brazil (1668) 4400 reis

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image courtesy Heritage Auction Galleries
image courtesy Heritage Auction Galleries
This specimen was lot 23140 in Heritage sale 3012 (New York, January 2011), where it sold for $103,500. The catalog description[1] noted,
"Extremely Rare Early Brazilian Gold Coin. Pedro Regent Prince 4400 Reis c/s over Portuguese 4 Cruzados (João VI), AU50 NGC, Extremely Rare. Legislation was passed by the Portuguese crown in 1668 to authorize the counterstamping of '4400' on Portuguese 4 Cruzados to make the coins legal tender in Brazil. The first Brazilian mint would not open for another 30 years and the Portuguese were trying to regulate the coins that circulated in their South American colony. It is truly amazing that such an early issue that was counterstamped twice can still be found in AU condition. This is also the first coin of this issue that we've seen coming up for sale and know of only one other in the collection of the Espirito Santo Bank in Lisbon (but not nearly as nice as the piece presented here). An outstanding early gold piece of infant Brazil."
This type is rare; it is not listed in the SCWC.

Recorded mintage: unknown.

Specification: gold.

Catalog reference: Friedberg-10, Russo-15.

Source:

  • Pimentel, Alvaro Mendes, Catálogo de Moedas Brasileiras de 1643 a 1962, 9a Ed., Rio de Janeiro, 1962.
  • Amato, Claudio, Irlei S. Neves and Arnaldo Russo, Livro das Moedas do Brasil, 12a ed. Sao Paulo, 2008.
  • Alberto Gomes and Francisco Antonio Magro, Moedas Portuguesas e do Território Que Hoje é Portugal: Catálogo das Moedas Cunhadas para o Continentes e Ilhas Adjacentes, para os Territórios do Ultramar e Grão-Mestres Portugueses da Ordem de Malta, 6ª Edição, Lisbon: Associação Numismática de Portugal, 2013.
  • [1]Tucker, Warren, and Scott Cordry, Heritage Signature Auction 3012: World Coins, Dallas, TX: Heritage Auction Galleries, 2010.

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