Heritage World Coin Auctions
ANA Signature Sale 3056 3 Aug 2017
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Brazil
João V 6400 Reis 1728/7-R AU58 NGC, Rio de Janeiro mint, KM136, LMB-O189, Bentes-115.02. A wonderfully pleasing coin with bold legends and date. Partial mint brilliance on the peripheries. An outstanding rarity that we have the pleasure to offer for the first time. Single piece certified by both services.
The discovery of gold in the large portion of Brazil in what is today the state of Minas Gerais made gold mining the main economic activity throughout most of the 18th century. The Portuguese used the gold which flowed out of Brazilian rivers and hillsides to pay for industrialized goods from the British (mainly weapons) and to build magnificent Baroque monuments in the mother land. The Portuguese also sent millions to Rome for sanctifications and indulgences. The gold rush was indeed intense during much part of the first half of the century with Portugal losing some 400,000 people (or 20% of its population) who traveled to the Brazilian colony in search of gold riches. It was not until 1727 that the monetary system of the "Escudos" came to be with denominations in multiples. Certainly the 6400 Reis (4 Escudos or Peça) was the most prolifically coined gold piece for over 100 years. In the early years, coining was extremely limited and the early 6400 Reis of 1727 through 1732 are all extremely rare with many dates being unique or just a few specimens known.
Ex. Norweb Collection
HID02901242017
Estimate: 40000-60000 USD
João V 6400 Reis 1728/7-R AU58 NGC, Rio de Janeiro mint, KM136, LMB-O189, Bentes-115.02. A wonderfully pleasing coin with bold legends and date. Partial mint brilliance on the peripheries. An outstanding rarity that we have the pleasure to offer for the first time. Single piece certified by both services.
The discovery of gold in the large portion of Brazil in what is today the state of Minas Gerais made gold mining the main economic activity throughout most of the 18th century. The Portuguese used the gold which flowed out of Brazilian rivers and hillsides to pay for industrialized goods from the British (mainly weapons) and to build magnificent Baroque monuments in the mother land. The Portuguese also sent millions to Rome for sanctifications and indulgences. The gold rush was indeed intense during much part of the first half of the century with Portugal losing some 400,000 people (or 20% of its population) who traveled to the Brazilian colony in search of gold riches. It was not until 1727 that the monetary system of the "Escudos" came to be with denominations in multiples. Certainly the 6400 Reis (4 Escudos or Peça) was the most prolifically coined gold piece for over 100 years. In the early years, coining was extremely limited and the early 6400 Reis of 1727 through 1732 are all extremely rare with many dates being unique or just a few specimens known.
Ex. Norweb Collection
HID02901242017
Estimate: 40000-60000 USD