Brazilian Rarities Lead $8.8+ Million Heritage World Coin CICF Auction

Posted on 5/15/2012

Highlights of the Heritage World & Ancients Coins CICF Auction include NGC-certified Brazilian rarities.

[DALLAS, TX] – Two Brazilian coins, a Pedro I gold 6400 Reis 1822-R Coronation Piece, and a Joao VI (as King) gold 6400 Reis 1822-R, took top dollar realizing $138,000 in our $8.8+ Million World & Ancient Coins CICF Auction, which took place in Chicago April 25-May 1. All prices include a 15% Buyer's Premium.

Combined with our auctions for US coins and currency, which took place in Chicago the previous weekend, the overall total of our Chicago events over the fortnight rose to nearly $38 million.

The Pedro I coin, the famed "Coronation Piece", is undoubtedly the most important and charismatic piece of Brazilian numismatics. This issue, made in a hurry to be presented to guests of honor at his Inauguration Ball on December 1, 1822, consisted of only 64 pieces, of which 10-12 are known today, mostly in museums. The sale price of $138,000 easily outdistanced the pre-auction estimate of $80,000-$100,000.

Joao VI (as King) gold 6400 ReisJoao VI (as King) gold 6400 Reis

The Joao VI Coin, the last issue of colonial Brazil before independence, is so rare that most reference catalogs, rather than giving a value, list it as "Rare" or "RRR". This near-mint example, a nicely struck coin with lustrous surfaces, also realized $138,000 against a pre-auction estimate of $80,000-$100,000.

Just a few of the many other highlights in this auction included:

For more prices realized from this auction, please visit the Permanent Auction Archives.

The thoughts and opinions in this piece are those of their author and are not necessarily the thoughts of the Certified Collectibles Group.

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