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23157

Brazil: Republic gold 10000 Reis 1922,...

2014 January 5 - 6 World & Ancient Coin Signature Auction - New York #3030

 
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Auction Ended On: Jan 5, 2014
Item Activity: 7 Internet/mail/phone bidders
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Location: Waldorf Astoria - Norse Suite
301 Park Avenue
New York, NY 10022

Description:
The Famed 10,000 Reis of 1922
Republic gold 10000 Reis 1922, KM, Russo-710, 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.

View all of [The RLM Colletion of Brazilian Coins, Part III ]
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