© Heritage Auctions
© Heritage Auctions
450 Réis - Luis I Countermark "Crowned PM" over 1 Rupee /Victoria, Índia ND
1889 year| Silver (.917) | 11.66 g | 30.78 mm |
| Issuer | Mozambique |
|---|---|
| King | Luís I the Popular (1861-1889) Charles I the Diplomat (1889-1908) |
| Type | Standard circulation coin |
| Year | 1889 |
| Value | 450 Réis |
| Currency | Real (1706-1910) |
| Composition | Silver (.917) |
| Weight | 11.66 g |
| Diameter | 30.78 mm |
| Shape | Round |
| Technique | Countermarked |
| Orientation | Medal alignment ↑↑ |
| Demonetized | Yes |
| Updated | 2024-10-06 |
| Numista | N#28658 |
|---|---|
| Rarity index | 92% |
Reverse
Vegetal pattern
Script: Latin
Lettering:
ONE
RUPEE
INDIA
1874
Comment
According to reports from the colony's government, the value varied from place to place (380 to 450 Réis) and this caused disruption in trade. Even the Banco Nacional Ultramarino notes were subject to a premium.The countermark "Crowned PM" was instituted by the "NOTICE FROM THE BOARD OF FAZENDA of 05JAN1889".
A box with 40 punches, small anvils and hammers was sent from the Lisbon Mint.
Due to heavy use they quickly became inoperable.
Given the urgency, they were replaced by the stamp "PM" as there were no engravers in the colony that could do a better job (NOTICE FROM THE BOARD OF FAZENDA of 19JAN1889).
The last stamp continued to be used under King Carlos and, traditionally, Portuguese catalogs "arrange" coins with this stamp during the reign of this last king.
Due to its crude manufacture, it was largely counterfeited at the time, and its counterfeiting continues today.
Interesting fact
One interesting fact about this coin is that it features a countermark, which is a mark or symbol that is stamped or engraved on top of the original design of the coin. In this case, the countermark is a crowned PM, which was added to the coin to indicate that it was issued under the authority of the Portuguese Monarchy. This feature makes the coin unique and valuable to collectors.
