Portugal 1695 4000 reis

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Sedwick Treasure Auction 28, lot 244
Sed28-244r.jpg

This specimen was lot 244 in Sedwick Treasure Auction 28 (Winter Park, FL, November 2020), where it sold for $3,750. The catalog description[1] noted, "Lisbon, Portugal, gold moeda (4800 reis, denomination as "4000"), Pedro II, 1695/89 (unlisted overdate), NGC UNC details / saltwater damage / Association (designated on label). Bold strike with clear overdate (not listed in references), with deep red and black stains here and there over muted luster, rare and desirable type as from a wreck. The denomination on this type is a source of confusion, as NGC and other auction houses call it 4000 reis based on the explicit denomination on the coin; but Portuguese law of August 4, 1688, raised the circulating value to 4800 (and in proportion for the other denominations). What is not explained is why the dies were not changed to match the revaluation. With certificate and booklet 'Poor England has lost so many men', by Richard Larn (2006), autographed by the author. Recovered from: Association, sunk in 1707 off the Isles of Scilly, southwest of England." This type was struck 1688-1706 and has a fairly low value in the SCWC but is seldom seen. Similar coins were struck in Brazil but bear mintmarks instead of rosettes next to the Maltese cross.

Recorded mintage: unknown but a common date.

Specification: 10.76 g, 0.917 fine gold, .317 troy oz AGW, 28 mm diameter, this specimen 10.72 grams.

Catalog reference: Fr-76; Gomes-33.08 (overdate not mentioned); KM-156 (overdate not mentioned).

Source:

  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
  • Sáez Salgado, Javier, Moedas de Ouro de Portugal, 1185-1889, Lisbon, Numisma Leiloes, 2001.
  • Alberto Gomes and Francisco Antonio Magro, Moedas Portuguesas e do Território Que Hoje é Portugal: Catálogo das Moedas Cunhadas para o Continentes e Ilhas Adjacentes, para os Territórios do Ultramar e Grão-Mestres Portugueses da Ordem de Malta, 6ª Edição, Lisbon: Associação Numismática de Portugal, 2013.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1601-1700, 6th ed., Iola, WI: Krause Publications, 2014.
  • [1]Sedwick, Daniel Frank, Augi Garcia and Cori Sedwick Downing, Treasure Auction 28, featuring the Dr. Peter Jones and John O'Brien collections, Winter Park, FL: Daniel Frank Sedwick LLC, 2020.

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