Heritage Auctions

Auction 4039  –  20 October 2022

Heritage Auctions, Auction 4039

World Paper Money

Th, 20.10.2022, from 6:00 PM CEST
The auction is closed.

Description

Brazil Caixa de Estabilizacao 100 Mil Reis 18.12.1926 Pick 109D PMG Very Fine 20. In an attempt to stabilize the currency, the Caixa de Estabilisacao was established, backing notes of the treasury in gold. These notes attempted to protect the Brazilian economy, which only lasted for a few years before the 1929 Stock Market Crash and subsequent depression led to a different economic policy being adopted.

HID09801242017

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Price realized 550 USD
Starting price 400 USD
Estimate 640 USD
The auction is closed.
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