Lot 972
Brazil. 960 Reis, 1810-M (Minas Gerais). WR-1; Eliz-4; KM-307.2. 26.75 grams. John, Prince Regent, 1799-1818. Crowned arms, value in field. Reverse: Globe before cross. Overtstruck on a Bolivian 8 Reales of Charles IV. The new obverse die showing a severe crack. Appealing old toning, tending to the blue.
A classic rarity of Brazil. An extremely rare two year issue, and the only type from this mint. A boldly struck example. NGC graded EF-40.
Minas Gerais is the second most populous of the Brazilian states today. The name is a shortened form of Minas dos Matos Gerais. which translates to mines of the general woods. Gold was discovered in the area in 1693, and thousands of colonists headed inland in one of the first gold rushes in history. The 18th century capital of the state, Vila Rica, was one of the largest cities in all the Americas. Today, with the gold mines exhausted, the newer city of Belo Horizonte, is far more important.
Estimated Value $5,000 - 6,000.
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| Realized $7,188 |
