Heritage World Coin Auctions
ANA Signature Sale 3101 25-28 Aug 2022
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Brazil
João V gold 6400 Reis (Peça) 1731-M UNC Details (Saltwater Damage) NGC, Minas Gerais mint, KM135 (Rare), cf. LMB-279, Guimaraes-1733-1.1 (Unique). Original "diagonal reeded" edge. A breathtaking rarity of the Brazilian gold series, showcasing needle-point motifs, with the king's wig fully engraved, and dressed in a matte-like patina that is usually encountered in pieces from the "Clive of India" Shipwreck (sunk in 1755 off South Africa), though the example offered has no shipwreck COA. The key-date of all Peças (6400 Reis) from the Minas mint, this highly elusive offering is not only a rare year, but one of the few survivors from a fascinating period of experimentation in monetary policy in the 1700's. The law of November 29th, 1732 prescribed that the minting of milled edge issues should cease, establishing the new fleur-de-lis edge. These measures came about not only as a result of the widespread circulation of clipped/tampered coins, but also due to the great number counterfeits then seen in exchange. The coins were to be re-melted (with larger denominations such as the Dobras getting the new edge applied over the old diagonal one), removing the milled edge issues from circulation and standardizing the new fleur-de-lis types around the colony. The example offered has a razor-sharp diagonal edge and is cataloged by Guimaraes as unique, representing the sole example graded by the two major grading companies. Missing in the Eliasberg, Norweb, RLM and even the BES (Banco Espirito Santo) collections, the latter of which is considered the most complete collection of Brazilian gold coins, this immense rarity is sure to excite advanced Brazilian type collectors and trophy coin collectors.
According to the the 1732 Law, whoever was found carrying these old-edge issues would be considered a counterfeiter, suffering the severe sanctions of 4 years of exile in Africa, as well a fine on top of having the unlawful coins confiscated. The very few that survived this period are likely pieces that found themselves away from circulation, perhaps hidden in hoards, taken out of Brazil or lost at sea. From the Petropolis Collection, Part I
https://coins.ha.com/itm/brazil/brazil-joao-v-gold-6400-reis-peca-1731-m-unc-details-saltwater-damage-ngc-/a/3101-33184.s?type=DA-DMC-CoinArchives-WorldCoins-3101-08252022
HID02906262019
© 2022 Heritage Auctions | All Rights Reserved
Estimate: 20000-30000 USD
João V gold 6400 Reis (Peça) 1731-M UNC Details (Saltwater Damage) NGC, Minas Gerais mint, KM135 (Rare), cf. LMB-279, Guimaraes-1733-1.1 (Unique). Original "diagonal reeded" edge. A breathtaking rarity of the Brazilian gold series, showcasing needle-point motifs, with the king's wig fully engraved, and dressed in a matte-like patina that is usually encountered in pieces from the "Clive of India" Shipwreck (sunk in 1755 off South Africa), though the example offered has no shipwreck COA. The key-date of all Peças (6400 Reis) from the Minas mint, this highly elusive offering is not only a rare year, but one of the few survivors from a fascinating period of experimentation in monetary policy in the 1700's. The law of November 29th, 1732 prescribed that the minting of milled edge issues should cease, establishing the new fleur-de-lis edge. These measures came about not only as a result of the widespread circulation of clipped/tampered coins, but also due to the great number counterfeits then seen in exchange. The coins were to be re-melted (with larger denominations such as the Dobras getting the new edge applied over the old diagonal one), removing the milled edge issues from circulation and standardizing the new fleur-de-lis types around the colony. The example offered has a razor-sharp diagonal edge and is cataloged by Guimaraes as unique, representing the sole example graded by the two major grading companies. Missing in the Eliasberg, Norweb, RLM and even the BES (Banco Espirito Santo) collections, the latter of which is considered the most complete collection of Brazilian gold coins, this immense rarity is sure to excite advanced Brazilian type collectors and trophy coin collectors.
According to the the 1732 Law, whoever was found carrying these old-edge issues would be considered a counterfeiter, suffering the severe sanctions of 4 years of exile in Africa, as well a fine on top of having the unlawful coins confiscated. The very few that survived this period are likely pieces that found themselves away from circulation, perhaps hidden in hoards, taken out of Brazil or lost at sea. From the Petropolis Collection, Part I
https://coins.ha.com/itm/brazil/brazil-joao-v-gold-6400-reis-peca-1731-m-unc-details-saltwater-damage-ngc-/a/3101-33184.s?type=DA-DMC-CoinArchives-WorldCoins-3101-08252022
HID02906262019
© 2022 Heritage Auctions | All Rights Reserved
Estimate: 20000-30000 USD