Lot 970
Brazil. 6400 Reis, 1738-R (Rio). Fr-46; KM-149; Gomes-56.18. 14.20 grams. Joao V, 1706-1750. Laureate head right. Reverse: Italic arms. A little die clashing evident on reverse. Lustrous. Very rare this choice. NGC graded MS-63.
In 1720 Joao V (John, or Joannes V) authorized a new mint at Villa Rica de Ouro Preto, in the flourishing mining region of Minas Gerais. Along with mint in Rio, production would begin on a series of larger gold coins, including some heavier multiples. The series would include, at a slightly later date to those struck in Lisbon, Portugal's first royal portraiture coinage. While these coins did not have the universal success of Portugal's earlier and lighter moidores, they nevertheless circulated widely in North America. There the coins became known as "Joes," for the royal names of Joannes and Josephus, whose rulers and portraits figured so prominently on them.
Estimated Value $1,500 - 2,000.
|
| |
| Realized $4,830 |
