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(1784) Portugal 1727 6400 Reis, John Burger Countermark VF30 NGC....
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Description
1727 Portuguese 6400 Reis, VF30
John Burger Hallmark
(1784) Portugal 1727 6400 Reis, John Burger Countermark VF30
NGC. 8 pennyweight, 22 grains, per the NGC insert. This gold
"joe" was struck in Portugal (KM-221) 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 sometimes regulated by goldsmiths who would affix
their hallmark to guarantee the gold value (of $8 U.S.). The
present coin has a counterstamp by John Burger featuring his fancy
monogram. The stamp is over the eye of Portuguese king John V and
causes a bulge on the reverse southwest of the crown. The VF30
grade refers to the host coin. The counterstamp shows only a trace
of wear. New York City silversmith John Burger resided at 207 Queen
Street in 1786.
Auction Info
2013 August 8 - 10 US Coins Signature Auction - Rosemont #1188 (go to Auction Home page)
Auction Dates
August, 2013
8th-10th
Thursday-Saturday
Bids + Registered Phone Bidders: 37
Lot Tracking Activity: N/A
Page Views: 2,611
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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