Brazil 1828-SP 80 reis

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Heritage sale 3042, lot 32536
Brazil H3042-32536o.jpg
from the Mountain Groan Collection
Brazil 1828SP 80 reis rev DSLR.jpg

The first specimen was lot 32536 in Heritage sale 3042 (Long Beach, September 2015), where it sold for $1,292.50. The catalog description[1] noted, "Pedro I 80 Reis 1828-SP MS64 Brown PCGS. Sao Paolo, (SP), mint. Sharply struck with an enchanting appearance. Few of this type were put away." These specimens were struck at the Sao Paulo 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 and 1828-29, 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: unknown.

Specification: 19.13 g, copper.

Catalog reference: KM 376 (without countermark), KM 445 (with countermark).

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.
  • Amato, Claudio, Irlei S. Neves and Arnaldo Russo, Livro das Moedas do Brasil, 12a ed. Sao Paulo, 2008.
  • [1]Cristiano Bierrenbach, Warren Tucker and David Michaels, Heritage World Coin Auction 3042, featuring the Read and Bob Bennett Collections, Dallas, TX: Heritage Auction Galleries, 2015.

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