World Gold - 1730-M Brazil 12,800 Reis PCGS AU55

It was first introduced under the reign of Dom John V (João V) in 1727 and was issued by the Minas Gerais mint until 1733 (as noted by the "M"s on the reverse).

The Brazilian 12,800 Reis has the distinction of being the second largest gold coin that ever circulated in the American colonies and early United States. When it did, it was referred to as the "double joe" in English speaking countries. References to this denomination in contemporary documents and publications are exceedingly sparse.

This denomination type was also struck in Bahia and Rio de Janeiro during this period, 1727-1733.

PCGS population of only 3 coins with 1 finer (AU58). 7 coins certified in all grades.

This is the CoinFacts Plate Coin. See this link: https://www.pcgs.com/valueview/brazil/1730-m-12800-r/2551?sn=28935&h=pop

The auction record for this denomination and 1730 date occurred nearly eight years ago when a Choice Mint State example brought $29,900.

History of Dom John V

Under the reign of Dom John V (Portuguese: João V; 22 October 1689 – 31 July 1750), Portugal’s royal treasury saw a massive income in from its colonies. This allowed him to transform the capital Lisbon into one of the largest cities in Europe. Most of this great wealth was derived through the mining of gold and diamonds in Brazil, Portugal’s colony. The success of these ventures freed him from financial dependence on the Cortes, the national assembly, and increased the already substantial power of the crown.

Krause catalog price(s) for this item: $3000 in VF, $4500 in EF