1200 Réis - Luis I Countermarked issue over "20 Reales; Spain" ND
1887 year| Silver | - | - |
| Issuer | Azores (Portugal) |
|---|---|
| King | Louis I the Popular (1861-1889) |
| Type | Standard circulation coin |
| Year | 1887 |
| Value | 1200 Réis |
| Currency | Real (decimalized, 1843-1911) |
| Composition | Silver |
| Shape | Round |
| Technique | Milled, Countermarked |
| Demonetized | Yes |
| Updated | 2024-10-07 |
| Numista | N#103146 |
|---|---|
| Rarity index | 97% |
Interesting fact
One interesting fact about the 1200 Réis - Luis I (Countermarked issue over "20 Reales; Spain") ND (1887) from Azores (Portugal) made of Silver is that it was issued during a time of economic turmoil in Portugal. The country was facing a severe financial crisis, and the government decided to countermark existing Spanish coins with the Portuguese coat of arms to create a new currency for use in the Azores Islands. This coin is a rare example of a currency that was created as a solution to a financial crisis, and it is highly sought after by collectors today.