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Lot
14478

Portugal: Joao III (The Pious) gold Portugues ND (1521-57), Crowned arms of Portugal dividing L-R/Cross of the Order of Christ, Vaz-J3...

2006 January (HWCA) New York Signature Auction #397

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Auction Ended On: Jan 9, 2006
Item Activity: 6 Internet/mail/phone bidders
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Location: New York, NY
Description:
Joao III (The Pious) gold Portugues ND (1521-57), Crowned arms of Portugal dividing L-R/Cross of the Order of Christ, Vaz-J3.09, This variety unlisted in Friedberg, 34.71 gm, Fine. Extremely rare and the only record that we can find of this rare type selling at recent auction is a VF example of Fr-24 (one of the more available types, if there is such), which sold for $45,500 in a Hess-Divo sale in Zurich in 2003. The Eliasberg Collection did not have an example of a Portugues, and most major collections are missing this type. One of the true great European rarities.
Dom Joao III saw the Portuguese empire slowly decline and considered himself a failure. Fortunately, during his reign Portugal began the colonization of Brazil, slowing the decline and offsetting the loss of other parts of the empire.

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