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Okay, this is officially ridiculous

newsmannewsman Posts: 2,658 ✭✭✭
in World & Ancient Coins Forum
Link to auction

I know these are hard to find nice, and this is the only one graded by PCGS, but someone paid a stupid price for it.

It's definitely better than average for the type, but it's not that nice. image

Comments

  • ColinCMRColinCMR Posts: 1,482 ✭✭✭
    It's a clean looking one. One side looks darker than the other, I wonder if it is just the pic though.
  • newsmannewsman Posts: 2,658 ✭✭✭
    The seller mentioned it was slightly porous, and you can see that in the pics. If it were raw, I would probably not have bought it for the full Krause price for VF, let alone six times that amount. It's not easy, but you can find cleaner examples. I have one dated 1776 that's better, and I paid about $15 for it raw.
  • josemartinsjosemartins Posts: 88 ✭✭
    Newsman, coins from Maria I without "escudete" counterstamp are much scarcer than yours Jose I coin (1776), without the same counterstamp... image
    Low/High crown and the number of "pearls" (enventually) could also be important.

    I wouldn't pay that kind of money tough...

    Jose
  • newsmannewsman Posts: 2,658 ✭✭✭
    Bom dia, Jose!

    Thanks for the information. It would be interesting to know how the counterstamping during the Napoleonic period affected the available supply of these coins. Most of the ones I have are counterstamped. image
  • josemartinsjosemartins Posts: 88 ✭✭
    Bom dia, NM!

    Well, the lower catalog value for Brasilian 40 reis (XL) coins without counterstamp in VF condition by monarch are (4th edition "Gomes" values):
    Jose I : 25 Reis
    Maria I & Pedro III: 60 Euro
    Maria I: 80 Euro

    That should mean something...

    For my personal experience, about 3/4 of the counterstamped coins I've found are Maria I/ Maria I & Pedro III coins and these are not very common without the counterstamp, unlike Jose I. In the other hand Pedro II counterstamped coins are very scarce.

    Jose

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