Brazilian Rarities realize respective $138,000 prices to lead Heritage Auctions $8.8+ million World Coin event
Pedro I gold 6400 Reis 1822-R and Joao VI (as King) gold 6400 Reis 1822-R top the offerings from Heritage at Chicago International Coin Fair event; strength seen across many international offerings
DALLAS – Two Brazilian coins – a Pedro I gold 6400 Reis 1822-R Coronation Piece and a Joao VI (as King) gold 6400 Reis 1822-R – took top dollar realizing $138,000 apiece in Heritage Auctions’ $8.8+ Million World & Ancient Coins CICF Auction, which took place in Chicago April 25-May 1. All prices include a 15% Buyer's Premium.
“Collectors were clearly enamored with the great Brazilian offerings,” said Cristiano Bierrenbach, Vice President of Heritage Auctions, “which fairly dominated the top of the auction. Strong prices were realized throughout the auction, however, with international collectors snapping up a wide variety of world rarities.”
Combined with Heritage’s auctions for US Coins and Currency, which took place in Chicago the previous weekend, the overall total of Heritage’s CSNS and CICF Chicago-area events over the fortnight rose to nearly $38 million.
The Pedro I coin, the famed “Coronation Piece”, is undoubtedly the most important and charismatic piece of Brazilian numismatics. This issue, made in a hurry to be presented to guests of honor at Pedro I’s Inauguration Ball on Dec. 1, 1822, consisted on just 64 pieces, of which only 10-12 are known to survive to today, and those mostly in museums. The sale price of $138,000 easily outdistanced the pre-auction estimate of $100,000+. This same piece was sold in auction just 6 years ago for $69,000, showing the strength in this part of the market.
The Joao coin, the last issue of colonial Brazil before independence, is so rare that most reference catalogs, rather than giving a value, list it as "Rare" or “RRR.” This near-mint example, a nicely struck coin with lustrous surfaces, also realized $138,000 against a pre-auction estimate of $80,000+.
The Ancients portion of the sale, comprising the first 488 lots, was highlighted by an extensive offering of Roman Republican coins from the Mayflower Collection.
“The Roman Republic is certainly alive and well in the coin collecting world,” said David Michaels, Director of Ancient Coins. “Most of the coins well exceeded their estimates, with the important rarities selling for multiples of the estimate.”
Chief among these was a spectacular denarius of Q. Metellus Scipio, the enemy of Julius Caesar, which realized $27,600 against an estimate of $4,500-5,500.
Just a few of the many other highlights in this auction include:
Brazil – Maria I & Pedro III gold 6400 Reis 1777-B, KM199.1, AU53 NGC: Realized $80,500
Brazil – Joao V gold 6400 Reis 1734-M, KM135, AU55 NGC: Realized $57,500
Manchurian Provinces – Dollar Year 33 (1907), KM-Y212, L&M-487, MS62 NGC: Realized: $48,875
Brazil – Jose I copper 40 Reis 1752, KM184.1, VF Details NGC: Realized $43,125
Australia – George V Proof Florin 1927 Canberra, KM31, Proof 67 PCGS: Realized $40,250
Australia – George V gold Sovereign 1921M, KM29, MS62 NGC: Realized $34,500
Canada: Victoria 1884 10 Cents, KM3, MS65 PCGS, Ex: Canadiana Collection: Realized $31,050
Heritage Auctions, headed by Steve Ivy, Jim Halperin and Greg Rohan, is the world’s third largest auction house, with annual sales more than $800 million, and 700,000+ online bidder members. For more information about Heritage Auctions, and to join and gain access to a complete record of prices realized, along with full-color, enlargeable photos of each lot, please visit HA.com.