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Lot
1043

(1783-1795) Brazil 1766-R 6400 Reis, John Burger Countermark XF45 PCGS....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 24, 2013
Item Activity: 8 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
John Burger Counterstamp on a
Brazilian 1766-R 6400 Reis
(1783-1795) Brazil 1766-R 6400 Reis, John Burger Countermark XF45 PCGS. This gold "Joe" was struck at the Rio Mint in Brazil but circulated in the early United States where it was valued by its gold content. The Philadelphia Mint struck its first gold coins in 1795, but prior to that time, large financial transactions required foreign gold coin. Such pieces were often regulated by goldsmiths who would affix their hallmark to guarantee the gold value. The present coin has a counterstamp by John Burger featuring his fancy monogram. The stamp is over the eye of Portuguese king José I and causes a bulge on the reverse southwest of the crown. New York City silversmith John Burger resided at 207 Queen Street in 1786.

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