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Showcase Auction 61270  15 May 2022
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Lot 98239

Starting price: 1 USD
Price realized: 550 USD
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Portugal
Pedro II Counterstamped 500 Reis ND (1698) XF45 NGC, KM438.1, LMB-102, Gomes-116.01. Host: Portugal João IV 400 Reis (Cruzado) from the Lisbon mint; Counterstamp: Crowned "500" (AU Strong), with a re-stamped rim under Pedro II. Displaying well-defined, gunmetal toned peripheries. A curious issue that consists of an older hammered coin, whose legends were later re-struck/milled by the king Pedro II. A visionary, Pedro modernized the minting process in Portugal by experimenting with cast planchets, different types of presses, and other minting techniques. What he did with the old Cruzados and 1/2 Cruzados of Alfonso VI (his brother) and Joao IV (his father) was an attempt to transform a hammered coin into a milled one, respecting each type by minting the new legends with the respective name of the king who first struck them.

https://coins.ha.com/itm/portugal/portugal-pedro-ii-counterstamped-500-reis-nd-1698-xf45-ngc-/a/61270-98239.s?type=DA-DMC-CoinArchives-WorldCoins-61270-05152022

HID02906262019

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