What's up with this?

newsman

Heritage auction link

It's not particularly rare as far as I know. Any thoughts?

JCMhouston

I don't know much about modern Brazilian but the aution description does say rare, with an estimate of $1k. 1943 was the metal transition year so the copper nickel may be much rarer than the aluminum bronze composition they went to after the transition.

newsman

Where did they get the idea this is rare? I know a couple of places where I could get a raw, uncirculated version of this coin for a fraction of the minimum bid price, and nowhere near the $800-1,000 estimate. My hunch is that the winning bidder (if there is one) will be sorry after this auction, because it's gonna drive several other pieces of the same or better quality out into the open.

marcmoish

its a buck in Krause and ZERO bidders with abt 12 hrs left - obviously most know a dud when they see one?

newsman

Mintage was 12.3 million for both the CuNi version and the aluminum bronze one. It's probably worth considerably more than $1 in BU, maybe even $30-50, but this is one of those WWII issues that might have been saved in large quantities by U.S. troops serving in Brazil, or be hoarded elsewhere. Also, the CuNi version is likely to have a better survival rate.

Aethelred

I understand Brazil is hot right now.

Aethelred

Coins from Brazil that is.

harasha

If I have learned anything over the years about most auctioneers . . . well, I better not say what I am thinking.

960Coins

I know Krause is often out-dated for some Brazilian coins, but I think Heritage was stretching a bit far with that one. Strange.

mrpotatoheadd

So- anybody got one of these that they're willing to sell for a dollar?

newsman

<< <i>So- anybody got one of these that they're willing to sell for a dollar? >>



I don't think that's likely to happen, but I do know where you can get one for R$35 (about $17).