Brazil 1914 10000 reis

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Heritage sale 3030, lot 23153
photo courtesy Heritage Auction Galleries

This specimen was lot 23153 in Heritage sale 3030 (New York, January 2014), where it sold for $6,462.50. The catalog description[1] noted, "Republic gold 10000 Reis 1914, AU Details - Repaired, Cleaned NGC. An imperfect example, but incredibly rare with a scant mintage under 1,000, and survivors likely numbering no more than a dozen. A scan of major sales yields a single example, graded as Superb, that sold in November 1987 Sotheby's auction for the astounding hammer price of 18,700 Swiss Francs." This type, struck 1889-1922 during the early republic, is, with the 20000 réis, the last gold coin struck for circulation in Brazil. This date is listed as fairly common in the SCWC despite the trifling mintage. Most were retained in bank vaults as backing for paper currency and therefore circulated very little but commonly come heavily bagmarked.

Recorded mintage: 969.

Specification: 8.96 g, .917 fine gold, .264 troy oz AGW.

Catalog reference: KM 496, Russo-705, Fr-125.

Source:

  • 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.
  • [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.

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