Logo Title
obverse
reverse
Heritage Auctions
Context
Years: 1752–1771
Issuer: Brazil Issuer flag
Ruler: Joseph I
Currency:
(1654—1799)
Demonetized: Yes
Total mintage: 113,000
Material
Diameter: 23 mm
Weight: 4.03 g
Gold weight: 3.70 g
Shape: Round
Composition: 91.7% Gold
Magnetic: No
Technique: Milled
Alignment: Medal alignment
Obverse
OBVERSE ↑
flip
Reverse
REVERSE ↑
References
KM: #Click to copy to clipboard182.1; 182
Numista: #36314
Value
Bullion value: $612.57

Obverse

Description:
Portuguese arms between 2000 and three flowers.
Inscription:
JOSEPHUS·I·D·G·PORTUG·REX

·2000·
Script: Latin

Reverse

Description:
José I, King of Portugal.
Inscription:
ET·BRASILIÆ·DOMINUS·ANNO·1771·
Script: Latin

Edge

Reeded.

Mintings

YearMint MarkMintageQualityCollection
175212,000
17541,000
1771100,000

Historical background

In 1752, Brazil's currency situation was a complex and challenging reflection of its colonial economy under Portuguese rule. The primary circulating medium was the réis (plural: réis), a Portuguese unit of account, but the physical money in circulation was a chaotic mix. This included worn and clipped Portuguese coins, a variety of foreign coins (particularly Spanish pieces of eight from neighboring colonies), and a severe shortage of small-denomination currency for daily transactions. This scarcity was exacerbated by Portugal's mercantilist policies, which drained gold and silver from Brazil to the metropolis, leaving the colony perpetually starved of official specie.

The most significant monetary development of the era was the production of gold coins at the Casa da Moeda (Mint) in Rio de Janeiro, which had been relocated from Bahia in 1702 due to the mining boom. By 1752, the mint was actively striking moedas (gold coins) from the immense wealth of the Minas Gerais region. However, these high-value coins were ill-suited for everyday commerce. To address the chronic lack of small change, local authorities and even merchants often resorted to creating makeshift solutions, such as issuing crude moedas de necessidade (emergency tokens) or allowing the circulation of commodity money like sugar or tobacco in certain contexts, leading to a fragmented and unreliable monetary system.

This unstable environment occurred under the governance of the Marquis of Pombal, who was consolidating power in Lisbon. His administration sought greater control over Brazil's wealth, and the currency chaos was seen as an impediment to efficient tax collection and economic exploitation. The year 1752 falls within a period just prior to more concerted, though still only partially successful, efforts by the Portuguese Crown to reform and standardize the colonial currency, aiming to replace irregular coins and assert royal authority over the monetary system, which was fundamental to funding the empire's ambitions.

Series: 1752 Brazil circulation coins

5 Réis obverse
5 Réis reverse
5 Réis
1752-1777
10 Réis obverse
10 Réis reverse
10 Réis
1752-1776
20 Réis obverse
20 Réis reverse
20 Réis
1752-1776
2000 Réis obverse
2000 Réis reverse
2000 Réis
1752-1771
💎 Extremely Rare