Skip to main content
Go to accessibility notice

    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).



    Shipping, Taxes, Terms and Bidding
    Calculate Standard Domestic Shipping

    Sales Tax information  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    World and Ancient Coin Bibliography

    Auction Info

    Auction Dates
    May, 2008
    29th-30th Thursday-Friday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
    Page Views: 9,308

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $9) per lot.

    Sold for: Sign-in or Join (free & quick)

    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
    Only 6 days left to consign to the 2019 January 30 - February 4 Long Beach Expo US Coins Signature Auction - Long Beach!

    Learn about consigning with us

    Great coins, lovely catalogs, accurate description and grades (whether raw or slabbed).
    M.G. ,
    New City, NY
    View More Testimonials

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

    Video tutorial

    Getting the most out of search

    Recent auctions

    2018 November 8 - 11 US Coins Signature Auction - Dallas
    2018 November 8 - 11 US Coins Signature Auction - Dallas
    REALIZED $6,735,105
    2018 December 6 - 7 HKINF World Coins Signature Auction - Hong Kong
    2018 December 6 - 7 HKINF World Coins Signature Auction - Hong Kong
    REALIZED SO FAR $3,303,554
    2018 December 5 - 7 HKINF World Currency Signature Auction - Hong Kong
    2018 December 5 - 7 HKINF World Currency Signature Auction - Hong Kong
    REALIZED SO FAR $1,811,527