© Heritage Auctions
© Heritage Auctions
960 Réis - João Prince Regent Countermarked 8 Reales; Cuiaba ND
1821 year| Silver (.896) | 27.0674 g | - |
| Issuer | Brazil |
|---|---|
| Type | Standard circulation coin |
| Year | 1821 |
| Value | 960 Réis |
| Currency | Real (1799-1942) |
| Composition | Silver (.896) |
| Weight | 27.0674 g |
| Shape | Round |
| Demonetized | Yes |
| Updated | 2024-10-04 |
| Numista | N#36208 |
|---|---|
| Rarity index | 94% |
Reverse
COUNTERSTAMPED
Script: Latin
Lettering: 8R.P.I.HISPAN.ET.IND.REX
Comment
NOTE: Counterstamp on Bolivia 8 Reales, KM#84.Interesting fact
One interesting fact about the 960 Réis - João Prince Regent (Countermarked 8 Reales; Cuiaba) ND (1821) coin from Brazil is that it was issued during a time of economic turmoil in the country. The early 19th century saw Brazil struggle with high inflation, which led to the introduction of new currency systems and the debasement of the Portuguese real, the currency that was in use at the time. The 960 réis coin was one of the new currency units introduced during this period, and it was intended to help stabilize the economy. Despite these efforts, the coin's value was eventually reduced to 8 réis due to continued inflation, and it was eventually taken out of circulation. This coin's history highlights the economic challenges faced by Brazil during this time period.
