Mozambique - 500 Reís Pattern 1894 H, Silver Issued by Nyassa Company. Heaton mint. Tower divides value within circle. Rev. tower divides value within circle.KM. Tn3.Established by a merchant from Lisbon, Bernard Daupais, the Nyassa Company was founded to develop the area between Nyassaland and Cabo Delgado, a territory that covered more than 120,000 square kilometers. From the offset, Daupais struggled to raise the necessary local funds to keep the operations of his syndicate afloat. Therefore, a consortium of English and French bankers acquired the majority stake in the company, thus forcing Daupais to move the headquarters of his venture from Lisbon to London. During this period, the Nyassa Company developed itself as a middle station for freely subjugated slaves in Mozambique, deriving its main source of income from customs duties.
From this newly acquired wealth, the Nyassa Company presumably struck pattern in a variety of metals.RRR. Extremely rare piece that is very seldomly offered NGC AU58