Menu
Welcome Sign-In | Register
Sold for: Sign-in or Join (free & quick)
includes Buyer's Premium (BP) 

Description

Finest Specimen of Only Three Known!

Pedro II 100 Reis 1844, KM452, Russo 525, VF35 NGC it is an unique opportunity to be able to offer the 1844 100 Reis twice in two years. Please note that the coin has since been certified by NGC. This wonderful Brazilian rarity was offered in our May 2008 Long Beach auction (lot # 50642) where it realized US$83,375--a record for a Brazilian silver coin. The description as featured in that catalog was as follows:

"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)."
From the Paulistana Collection




Fees, Shipping, and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Glossary of Terms

Auction Info

Auction Dates
April, 2010
22nd-26th Thursday-Monday
Bids + Registered Phone Bidders: 5
Lot Tracking Activity: N/A
Page Views: 7,831

Buyer's Premium per Lot:
15% of the successful bid (minimum $14) per lot.

Heritage membership

Join Now - It's Free

VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
Consign now
  • Cash Advances
  • More Bidders
  • Trusted Experts
  • Over 200,000 Satisfied Consignors Since 1976
Consign to the 2016 December 7 - 8 World Coins Signature Auction - Hong Kong.

Learn about consigning with us

The collecting community was wondering how Heritage would do with this specialized collection, and the catalog exceeded everyone’s expectations.
Roger Siboni,
Mantoloking, NJ
View More Testimonials

HA.com receives more traffic than any other auction house website. (Source: Compete.com)

Video tutorial

Getting the most out of search

Recent auctions

2016 July 7 - 10 Summer FUN US Coins Signature Auction - Orlando Summer FUN
2016 July 7 - 10 Summer FUN US Coins Signature Auction - Orlando Summer FUN
REALIZED $6,575,672
2016 June 22 - 24 World Coins Signature Auction - Hong Kong
2016 June 22 - 24 World Coins Signature Auction - Hong Kong
REALIZED $2,788,640
2016 June 23 - 24 World Currency Signature Auction - Hong Kong
2016 June 23 - 24 World Currency Signature Auction - Hong Kong
REALIZED $779,437

© 2016 Heritage Auctions | All Rights Reserved