Brazil 1758-B 600 reis

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Heritage sale 3009, lot 20412
image courtesy Heritage Auction Galleries
photo courtesy Stack's-Bowers LLC
photo courtesy Stack's-Bowers LLC

This silver 600 réis was minted at the Bahia mint for Brazil in 1752-60. This coin would have traded in the 18th century at about one-third of a Spanish dollar. The first specimen was lot 20412 in Heritage sale 3009 (Chicago, April 2010), where it sold for $632.50. The catalog description[1] noted, "Jose I 600 Reis 1758B, toned AVF, noticeable hairlines in the obverse fields, nicely struck for this series." The second specimen was lot 2057 in Ponterio sale 164 (New York, January 2012), where it sold for $4,025. The catalog description[2] noted, "BRAZIL. 600 Reis, 1758-B. Jose I (1750-77). A superb example of this normally well worn issue. Lustrous. NGC MS-63." This type is rare; the contemporary Rio issue of 1754-70 (KM 187) is more available.

The catalog[1] commented on the "J-series" as follows: "During the reign of José I (1750-1777), with gold flowing out of the mines in the province of Minas Gerais, coins of the so-called 'J series' were struck at the Rio (R) and Bahia (B) mints for circulation in Minas. The purpose of these coins, with odd denominations of 75, 150, 300 and 600 Réis, was to facilitate the gold trade in the province. Gold value was determined in multiples of 150 Réis and corresponded to 4.5 grains (75 Réis), 9 grains (150 Réis), 18 grains (300 réis) and so on. Towards the end of the 18th century, as gold in the Minas mines diminished, the coins of the J-series were countermarked with a 'mini-shield' elevating its value to the standard 80, 160, 320, 640 Réis. Subsequently, in the first decades of the 19th century, the coins of the J series were restruck all together. Coins of this type are some of the most charismatic and challenging series in the vast realm of Brazilian numismatics, and finding a coin in higher than VF condition is extremely difficult."

Recorded mintage: unknown.

Specification: 18.11 g, .917 fine silver, .534 troy oz ASW.

Catalog reference: KM 179, Russo 227, Gomes-48.05.

Source:

  • Krause, Chester L., and Colin R. Bruce II, Standard Catalog of World Coins: Spain, Portugal and the New World, Iola, WI: Krause Publications, 2002.
  • 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 3009: World Coins, Dallas, TX: Heritage Auction Galleries, 2010.
  • [2]Ponterio, Richard, Ponterio sale 164: The January 2012 N.Y.I.N.C. Auction, Irvine, CA: Stack's Bowers LLC, 2011.

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