Brazil 1896 2000 reis

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Heritage sale 3030, lot 23220
photo courtesy Heritage Auction Galleries

This specimen was lot 23220 in Heritage sale 3030 (New York, January 2014), where it sold for $8,812.50. The catalog description[1] noted, "Republic 2000 Reis 1896, MS62 NGC. Steel grayish toning with a strong strike, and thus a very appealing specimen. A popular three-year type very difficult to locate in high grades (and with most of those few high grade specimens dated 1897). Although fairly large mintage figures are reported, those are misleading as most of the issue was subsequently melted. This is by far the rarest date, and especially elusive in this lovely condition. The example in the Paulistana collection (Heritage Auctions 4 /2010 lot 20592) was AU and hammered at $8,000." This date is the rarest of the three known (1891, 1896 and 1897). After 1900, this denomination was reduced to 20 grams, with the likely result that older issues in government vaults were melted.

Recorded mintage: 10,000.

Specification: 25.5 g, .917 silver, .751 troy oz ASW.

Catalog reference: KM 498.

Source:

  • [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.
  • Pimentel, Alvaro Mendes, Catálogo de Moedas Brasileiras de 1643 a 1962, 9a Ed., Rio de Janeiro, 1962.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.

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