Lot 974
Brazil. 960 Reis, 1823-R (Rio de Janerio). WR-2; Eliz-39a; KM-326.1. 26.93 grams. Peter I, 1822-1831. Circular wreath, eight rosettes and value wthin. Reverse: Crowned imperial arms, wreath around. Overstruck on Charles IV 8 Reales. Crisp bold strike. The obverse field softly lustrous, with "orange peel" texture; the reverse more reflective. Lightly toned. First year of type. NGC graded MS-64.
An interesting, and little known fact about the city of Rio de Janeiro, is that the first non-Portuguese immigrants to arrive were the Swiss. They arrived in 1818, and founded the city of Nova Friburgo. They were soon followed by the Germans. Rio prospered as the port where the gold from Minas Gerais was brought to be then shipped to Portugal.
Estimated Value $300 - 350.
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| Realized $776 |
