Brazilian Coins

Part I - Colonial Issues

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Colony of Brazil under the Kingdom of Portugal

This was the period from 1500 to 1816

pictures of coin coin notes, font arial history notes, default font

Peter II, 4000 Reis  1696
uncirculated but with 3
small scratches in shield side (rev)

(purchased from Ramiro Matos, M3C Numismatica,
Salvador, Bahia, Brazil)

This is one of the the earliest Brazilian regular issue gold coins; actually the 2nd year issued. Brazil first started issuing gold coins in 1695, which was a one year type. This type of coin was struck from 1696 to 1698. The piece is uncirculated however has 3 small scratches underneath 3 of the 7 devices in the outer shield. They are very hard to discern. While I normally do not buy damaged coins, all of the 17th century Brazilian gold I've encountered had some sort of damage.

Brazil's first standard or true coin mint was opened in the city of Salvador, Province of Bahia in 1694. There was no mint mark, the mint was intended to meet local demand for currency and then move to wherever there was demand. Basically a moving mint. Subsequently it moved to Rio de Janeiro in 1698.

It appears that Brazilian mintmarks are named after the Province (today = State) where the coin was struck rather than the city. To add to the confusion frequently the provincial capital cities had the same name (but not always) as the Province. Thus "B" for Bahia, the Province, with it's main city of Salvador; Rio de Janeiro the capital of the State of Rio de Janeiro; and the same for the city of Sao Paulo in the sate of the same name.

6400 Reis  1774 R, uncirculated
Rio de Janeiro mint
this denomination was also known as a "Peca" or "half-Joe" 
(Sociedade Numismatica do Brazilera Auction, ) (photo by me)

Listed weight is 14.34g, fineness is .9166 (.4228oz.AGW). This denomination is known as a Peca. Also called (possibly in the US Colonies) a "half - Joe". It is substantially heavier than a Spanish Colonial or Latin American 4 escudos gold which was 13.54 g but had declined to only .875 finess.

Brazilian gold was issued in large quantities during this era and probably was the circulating gold in the early USA, as early US gold wasn't struck and circulated to any large extent.

Maria became queen in 1777 and reigned until 1815, but from 1792 on she suffered from dementia after her eldest son died. Her surviving soon, son, John became regent in 1799 and ruled in her name.

6400 Reis  1795, uncirculated
Rio de Janeiro mint
this denomination was also known as a "Peca" or "half-Joe" 
(Sedwick Auctions, Winter Park,FL) (photo by Augi Garcia)

Maria was extremely religious and conservative and curtailed all attempts at modernization in Portugal. Lisbon was said to be the most backwards European capital at the time.

Joao (John) VI 6400 Reis   1811
uncirculated   Rio de Janeiro mint

(SNB Auctions, Sao Paulo, Brazil) (photo pending)
Joao VI moved the family and virtually the entire Portuguese Court to Brazil to escape Napoleon Bonaparte

An estimated 10,000 to 15,000 people* left Lisbon, Portugal just ahead of Napoleon's advancing army in November 1807, arriving in Brazil at the end of January 1808. They were escorted by the British fleet which had complete control of the seas at the time.

This was the first time in history that a European monarch ever visited his American colonies. Joao (John) & the court stayed for 13 years, until April 1821 and greatly changed Brazil.

Joao (John) VI 6400 Reis    1813
uncirculated   Rio de Janeiro mint

(SNB Auctions, Sao Paulo, Brazil) (photo pending)

Dom Joćo VI
4000 Reis 1812 (gold)
(Gaston Beluscio, Buenos Aires, Argentina)
wt= 7.207g

Peter II
640 Reis  1699 9 over 8
decent condition
(SNB Auction, S.P.)

The 640 Reis

These were Brazil's first true circulating silver crowns. Silver fractions of 320, 160, 80, and 20 were made. Copper pieces were also made of 80 reis down through 5 reis. The 640 reis was 1st stuck in 1695 and early dates are relatively common. They were produced to supply silver coins to the local towns. This coin was known as 2 patacas, a pataca being equal to 320 reis.

  Silver fineness was .9166, listed wt = 19.3g.

1809 960 Reis
bronze Pattern ,uncirculated   NGC-64

(Heritage Auctions, Chicago Intl Coin Show,
August 13, 2015, lot 32138)

The 960 Reis

The 960's were made to overstrike silver crowns circulating in South America. As such these coins were much larger than the 640 reis so a new denomination, the 960 Reis, was coined. These were 3 pataca pieces. They were also struck to provide an immediate profit to the Portuguese Crown which needed money badly.

Dates from 1810 to 1819 are common and were frequently overstruck on Spanish colonial, and less frequently on Republican crowns. They also were frequently overstruck on Spanish mainland silver 5 Peseta coins, as well as occasionally on old European thalers and US Bust dollars.

In 1808 the Emperor of Portugal & Brazil had Spanish Colonial silver 8 reales, 27.0674 grams, .9027 fine, valued at 750 - 800 reis, counter-stamped raising their value to 960 reis. This generated a profit of 160 - 210 reis/coin (less stamping costs). Soon (1810) the entire coin was overstruck, possibly for the reason of making it harder to duplicate as Spanish Colonial 8 reales were the common trade coin of the world at the time.

This practice was continued with the 8 reales of the new Latin American Republics after their independence from Spain. It appears that an entire generation of early Latin America crowns were consumed as blanks for the 960 reis.

Brazil followed a different path than Latin America in that it was owned by Portugal, not Spain.  when Napoleon Bonaparte invaded Portugal the King Joao VI (John VI) escaped to Brazil unlike the Spanish monarchs who remained to be captured.

Here is a good website just dedicated to the 960's: 
The 960 Reis Blog
Here is also a blog about the 1st Pattern issues struck in 1809  The 1809 Patterns

960 Reis  1812
choice uncirculated
(Alex Siegel, Houston, TX)

Brazil under the United Kingdom of Portugal, Brazil and the Algarves

This was the period from 1816 - 1822.

960 Reis  1816 choice uncirculated
"blunt die style"
(a Houston,TX coin show)

Brazilian 960 coins were among the least expensive examples of high grade early crowns (silver dollar sized coins). I used to enjoy buying fully mint state specimens for $95 but I think those days are gone?

I think I have a mint state 1810 960 reis somewhere, which may be the 1st year of issue, but I have a lot of difficulty in photographing coins so that pix is delayed.

960 Reis 1816 prooflike uncirculated
"fine die style"
struck over a Potosi 1808 PJ 8R
(Alex Siegel)

960 Reis  1819 choice uncirculated struck over Peru 8R Km117
(Alex Siegel)

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