Brazil 1824-R 80 reis
Shown is a high-grade copper eighty réis from the Rio mint in Brazil. The type was struck in Rio and Bahia 1823-31; approximately 86 million pieces were issued (not including counterfeits), an enormous quantity for the thinly populated country. Sao Paulo (KM 376, mintmark "SP"), Goias (KM 377.2-.3, mintmark "G") and Cuiaba (KM 377.1, mintmark "C") issued small quantities as well. Despite the large issue, high grade specimens are rare. Many of these pieces were countermarked in 1835 to pass as forty réis.
By the 1830's, so many had been issued that the public began to refuse them. In 1835, the government called them in and countermarked them to half their former value to increase their acceptance. Private and counterfeit countermarks also exist, making this series confusing but fascinating to collect.
Recorded mintage: 825,000.
Specification: 28.69 g, copper.
Catalog reference: KM 366.1 (without countermark), KM 444.1 (with countermark).
- Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
- 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.