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Auction: 25055 - British Medals and World Coins featuring The Hurter-Amman Collection of Ancient and European Gold
Lot: 1088

NGC AU58 | Brazil, João V (1706-1750), Gold Dobrão or 20,000-Reis, 1725-M, Minas Gerais, crowned shield, rev. cross, edge engrailed, 53.34g, 6h (Fb. 33; LMB 249; KM 117), minor marks on edge, otherwise handsomely toned, about extremely fine, a prestigious relic of 'New World' exorbitance, in NGC holder, graded AU58 (Cert. #8534345-005)

Provenance

The "Hurter-Amman" Collection of Ancient and World Gold and Silver Coins and Medals



https://www.ngccoin.uk/certlookup/8534345-005/58/



In 1690 gold was discovered in the area that became known as Minas Gerais ("General Mines"). This would be followed by discoveries of precious gems. During the 18th century, this little pocket of land would produce a torrent of gold, diamonds, and emeralds for the kings of Portugal. The above 20,000 Reis was a short-lived denomination, lasting three brief years, and evocative of this gusher of wealth. While its employ and influence was mostly limited to the New World, it remained the largest regional gold coin issued and circulating in its time - weighing in at slightly over two Spanish 8 Escudos, with a pure gold weight of nearly 1.6 ounces.

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Estimate
£4,000 to £6,000

Starting price
£3500