Heritage World Coin Auctions
ANA Signature Sale 3075 15 Aug 2019
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Brazil
Republic gold 10000 Reis 1922 MS64 NGC, Rio de Janeiro mint, KM496, LMB-710. One of only two specimens graded by NGC, both certified at MS64, the other having previously sold for an all-in price of $105,750 as part of our 2014 New York Signature Auction 3030, Lot 23157. The surfaces demonstrate a pervasive golden luster and mild reflectivity in the fields, which are impressively clear of any larger signs of handling. Most collectors could hardly hope to locate any example of this incredibly scarce date, making a near-gem example such as this all the more captivating, if not a singular opportunity.
By the 1910s, mintages of gold coins were decreasing to a few hundred per year. Most of the later Republic issues ended up "exported" to other countries, especially Britain, for payment of debt. In turn, Brazil received the gold value, which, at the time, was higher than the face value of the coins. 1922 was the last year for several decades that Brazil struck gold coinage, occurring one hundred years after the first independent Brazilian coinage was produced. It would take another fifty years for the country to strike gold coins once again.
https://coins.ha.com/itm/brazil/brazil-republic-gold-10000-reis-1922-ms64-ngc-/a/3075-32103.s?type=CoinArchives3075
HID02906262019
© 2019 Heritage Auctions | All Rights Reserved
Estimate: 30000-50000 USD
Republic gold 10000 Reis 1922 MS64 NGC, Rio de Janeiro mint, KM496, LMB-710. One of only two specimens graded by NGC, both certified at MS64, the other having previously sold for an all-in price of $105,750 as part of our 2014 New York Signature Auction 3030, Lot 23157. The surfaces demonstrate a pervasive golden luster and mild reflectivity in the fields, which are impressively clear of any larger signs of handling. Most collectors could hardly hope to locate any example of this incredibly scarce date, making a near-gem example such as this all the more captivating, if not a singular opportunity.
By the 1910s, mintages of gold coins were decreasing to a few hundred per year. Most of the later Republic issues ended up "exported" to other countries, especially Britain, for payment of debt. In turn, Brazil received the gold value, which, at the time, was higher than the face value of the coins. 1922 was the last year for several decades that Brazil struck gold coinage, occurring one hundred years after the first independent Brazilian coinage was produced. It would take another fifty years for the country to strike gold coins once again.
https://coins.ha.com/itm/brazil/brazil-republic-gold-10000-reis-1922-ms64-ngc-/a/3075-32103.s?type=CoinArchives3075
HID02906262019
© 2019 Heritage Auctions | All Rights Reserved
Estimate: 30000-50000 USD