20 000 Réis - João V
20 000 Réis - João V

20 000 Réis - João V

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Country: Brazil
Denomination: 20000 Réis (20000)
Year: 1724-1727
Material: Gold (.917)
Weight: 53.78 g
Shape: Round
Diameter: 38 mm
Type: Common coin
Catalog list: brazil

Description:

Obverse

In 1688 the price of the gold ant the silver rise 20%. There was no time to collect and cast the circulating coin. Therefore, by the Law 04AUG1688, the value of the silver and gold coins was also increased 20%. However, during ~150 years the coinage remains unchanged with the circulating coins having a value ~20% above the marked.

Reverse

Cross of Christo Military Order with 4MM on corners (Means Minas Gerais)

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