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Lot 50642 |
Brazil: Pedro II 100 Reis 1844,...
2008 May Long Beach Signature World Coin Auction #3000
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Bid Information
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The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
BP - Buyer's Premium
A Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.Not Sold
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| Sold for: |
$83,375.00
(includes BP  ) Bid Source: Live: Floor |
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| Make Offer: |
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| Auction Ended On: | May 29, 2008 | |
| Item Activity: |
5 Internet/mail/phone bidders
7,356 page views |
Description:
A Great Brazilian Rarity
Pedro II 100 Reis 1844, KM452, toned XF, one of the greatest Brazilian rarities--finest of only three known. From the founding of the first mint in the state of Bahia in 1694, Brazil has had three Monetary Systems. The first, which dates from 1695 to 1834, is the so-called "divisional" system. Each denomination was double in value of the previous denominations so the coins in circulation ranged from 20 to 640 Reis. In 1809, Brazil started striking the 960 Reis on the Hispanic 8 Reales, which had just begun circulating in Brazil when the Portuguese Crown was transferred to the Brazilian colony to escape the Napoleonic invasion. Starting in 1834, Brazil, now an independent empire, attempted a new monetary system nicknamed the Cruzado (mainly due to inflation and the need for coins of higher values). With odd denominations of 100, 200, 400, 800, and 1200 Reis, this Cruzado system was rejected by the Brazilian population as they continued to use the older coins. Consequently, instead of increasing mintages, the Empire created a whole new monetary system that was established in 1849. With more "standard" denominations of 100, 200, 500, 1000, 2000 Reis, the new system was a quick success and remained in place until the Cruzeiro monetary reform in 1942. While "failing" with the Cruzado system, the Brazilian empire created one of the rarest numismatic series in the wide collection of Brazilian coins. With 42 coins in total, most of which are scarce or rare, the jewel of the Cruzado series is without a doubt the 1844 100 Reis (or the Tostao). Estimate: $40,000 - $55,000.View large image(s) of this item
Shipping Description: Coins & Currency (view shipping information)
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