Pedro I 960 Reis 1827-R AU58 NGC, Rio de Janeiro mint, KM368.1, LMB-508a, Bentes-474.37. Overstruck on a Minas Gerais countermarked 960 Reis, originally struck over a Charles IV 8 Reales. A scarce date with a mintage of just 18,000 pieces spread across multiple varieties. This elusive specimen struck over an earlier countermarked issue displays surprisingly crisp legends in contrast against the shadows of the 8 Reales undertype, the outer registers decorated in reflective autumnal patination obscuring any signs of handling that may be present. Tied for the finest certified with just one other, which sold in our Special Catalog of Brazilian Coins in May of 2021, hammering for $10,000.

HID09801242017

© 2020 Heritage Auctions | All Rights Reserved

To the auctioneer's website