960 Réis - João Prince Regent Countermarked 8 Reales; Cuiaba ND

One interesting fact about the 960 Réis - João Prince Regent (Countermarked 8 Reales; Cuiaba) ND (1821) silver 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, debt, and political instability, which led to the introduction of new currency systems and the debasement of the Portuguese real, the currency that was used in Brazil at the time. The 960 réis coin was one of the new currency denominations introduced during this period, and it was countermarked with the value of 8 reales to indicate its value in the old currency system. Despite the economic challenges, the coin remains a valuable collector's item today, with some specimens selling for thousands of dollars at auction.

• south america
• no period