Brazil 1903 20000 reis
This specimen was lot 23170 in Heritage sale 3030 (New York, January 2014), where it sold for $11,750. The catalog description noted, "Republic gold 20000 Reis 1903, MS62 NGC. A nearly fully struck example with sparkling, mirror-like fields that captivate the eye and typically marked surfaces with contact that is most noticeable in left obverse field. A rarity in the series, the only example graded by NGC or PCGS and the first we have had the pleasure of bringing to market." This type, struck 1889-1922 during the early republic, is, with the 10000 réis, the last gold coin struck for circulation in Brazil. It is much more available than its smaller sister. Most survivors are graded AU because of heavy bagmarks rather than wear.
Recorded mintage: 675.
Specification: 17.93 g, .917 fine gold, .528 troy oz AGW.
Catalog reference: KM 497, Russo-723.
- 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, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.
- Pimentel, Alvaro Mendes, Catálogo de Moedas Brasileiras de 1643 a 1962, 9a Ed., Rio de Janeiro, 1962.
- 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.