Brazil 1827-R 80 reis

From CoinFactsWiki
Jump to: navigation, search
Heritage sale 3029, lot 31170
photo courtesy Heritage Auction Galleries

This specimen was lot 31170 in Heritage sale 3029 (New York, January 2014), where it sold for $1,292.50. The catalog description[1] noted, "Pedro I 80 Reis 1827-R, MS64 Red Brown NGC. A superb example of this huge copper type with aged brown surfaces and considerable mint red in the legends. Rarely seen in this elite quality." This specimen was struck at the Rio mint in Brazil in 1827. The minting of copper eighty réis began in 1811 and continued until 1833, well after independence. The eighty réis was the same size as that of the old forty réis. This type was struck at Bahia 1824-31, Sao Paulo 1825-29, Cuiaba 1826-30, Goias 1828-31 and Rio 1823-31. Counterfeits are numerous, particularly of the Bahia issues, which were cruder than Rio issues.

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: 17,892,000.

Specification: 28.69 g, copper.

Catalog reference: KM 366.1.

Source:

  • 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.
  • [1]Bierrenbach, Cristiano, Warren Tucker and David Michaels, Heritage World and Ancient Coins Auction 3030, featuring the RLM Collection, the Isaac Rudman Collection, the Hans Cook Collection and the Collection of Donald E. Bently, Dallas, TX: Heritage Auction Galleries, 2013.

Link to: