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Brazil X reis 1786 shield counterstamped

coffeycecoffeyce Posts: 1,050 ✭✭✭
in World & Ancient Coins Forum
Here is a coin I picked up for the price of lunch.

Im really starting to love counter/stamped coins...

Chris

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    ormandhormandh Posts: 3,111 ✭✭✭
    I love countermarked coins. I have a subset of coins from various countries that are countermarked. It definitely makes for an interesting collection. -Dan
    Numismasource ebay store
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    newsmannewsman Posts: 2,658 ✭✭✭
    Nice coin! The counterstamp is from 1809 and is intended to double the value to 20 reis. Your particular example is KM273.1, over a 1786 10 reis of Maria I and Pedro III. The counterstamp is not as scarce as the host coin, but it's still hard to find in nice condition. Yours is about F-VF, with a catalog value of $10 to $17.50.
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    newsmannewsman Posts: 2,658 ✭✭✭
    The 1809 counterstamps coincided with the removal of the Portuguese court to Brazil when Napoleon overran Portugal. King Joao VI needed money, and one of the ways he got it was to inflate the Brazilian currency.
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