Brazil 1921 10000 reis

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Heritage sale 3030, lot 23156
photo courtesy Heritage Auction Galleries

This specimen was lot 23156 in Heritage sale 3030 (New York, January 2014), where it sold for $8,225. The catalog description[1] noted, "Republic gold 10000 Reis 1921, MS64 NGC. One of the more available dates, but superbly preserved with gleaming luster in the fields, an impressive strike that fully segments even the finest details and surfaces that show a high level of past care. Worthy of strong premium, as rarely can an example of this type be considered technically finer. The finest graded by NGC." 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: 2,435.

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

Catalog reference: KM 496, Russo-709, 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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