Brazil 1828-R 80 reis

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Heritage sale 3024, lot 23351
photo courtesy Heritage Auction Galleries

This specimen was lot 23351 in Heritage sale 3024 (Chicago, April 2013), where it sold for $1,762.50. The catalog description[1] noted, "Pedro I 80 Reis 1828-R, MS65 BN NGC, a marvelous example of this large copper type with incredibly sharp details and rich brown surfaces. One of the finest copper coins of this era from Brazil that we have seen." This specimen was struck at the Rio mint in Brazil in 1828. 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: 26,524,000.

Specification: 28.69 g, copper.

Catalog reference: KM366.1,

Source:

  • Amato, Claudio, Irlei S. Neves and Arnaldo Russo, Livro das Moedas do Brasil, 12a ed. Sao Paulo, 2008.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 7th ed., Clifton, NJ: Coin and Currency Institute, 2003.
  • 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 3024, featuring the Kairos and Elizabeth McPhall Charters Collections, Dallas: Heritage Auction Galleries, 2013.

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