Brazil 1922 10000 reis

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Heritage sale 3030, lot 23157
photo courtesy Heritage Auction Galleries

This specimen was lot 23157 in Heritage sale 3030 (New York, January 2014), where it sold for $105,750. The catalog description[1] noted, "The Famed 10,000 Reis of 1922, MS64 NGC. A true Gem, this piece is as-struck with only a couple of tiny marks. Since only six were minted, the strike is bold producing an unusually detailed bust of the 'Republic'. The coin is bright with prooflike surfaces. By the 1910's, mintages of gold coins were decreasing to a few hundred per year. Most of the republic later issues ended up 'exported' to other countries, especially Britain, for payment of debt. Brazil would get the gold value which, at the time, was higher than the face value of the coins. 1922 was the last year Brazil struck gold coinage, one hundred years after the first Brazilian independent coinage was produced It would take another fifty years for Brazil to strike another gold coin. The only specimen we have on record at public auction is from Spink's Norweb auction in 1997." 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 unpriced in the SCWC. Most were retained in bank vaults as backing for paper currency and therefore circulated very little but commonly come heavily bagmarked.

Recorded mintage: 6.

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

Catalog reference: KM 496, Russo-710, 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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