I got this coin, and when searching on catalog, got really confused.
On obverse is clear the face value “400” and year “1825” on sides of coat of arms, but in technical data it stats "Value
1 Cruzado = 480 Réis".
Then, on comments I found the explanation of discrepancy: “In 1688 the price of the gold ant the silver increased by 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 by20%. However, during ~150 years the coinage remains unchanged with the circulating coins having a value ~20% above the face value.”
Any explanation why took 150 years to update the face value on the coins???
Just 10 options: you understand binary, or you don't.
Catalog Referee Coins, Banknotes & Exonumia: Uruguay, Cuba, Bolivia, Brazil, Chile, Colombia, Mexico, Peru, Paraguay, Costa Rica, Venezuela, Panama, Ecuador, Zamunda, Parva Domus and more.
"Gold coins issued during the Brazilian Gold Rush of the 18th century belonged to either the moidore series of 1688–1732 or the joannese series of 1722–1835. A description of the coins of the moidore series:[5]
The most familiar coin of this series is the moeda d'ouro (literally "gold coin", and commonly Anglicised as the moidore), stamped 4,000 réis but actually valued 20% higher or 4,800 réis (4$800). This coin weighed 3⁄8 onça (explained below) and contained 9.86 g fine gold.
Valued proportionately are coins of 480 réis (the cruzado), 1$200, 2$400, 12$000, and 24$000 (the dobrão), though they are stamped with their old values of 400, 1$000, 2$000, 10$000 and 20$000 réis, respectively.
Silver coins were issued in denominations of 480 réis (cruzado) and 240, 100 (tostão), and 50 réis, though stamped with their old values of 400, 200, 80 and 40 réis, respectively.
Copper coins were issued in denominations of 3, 5, 10, 20 and 40 réis."
There's not really a reason “why” from what I could tell, other than my personal opinion that they didn't want to restamp it. Imagine if the value of a dollar increased to $1.20, would you remint coins which said $1.20 on them?
"Gold coins issued during the Brazilian Gold Rush of the 18th century belonged to either the moidore series of 1688–1732 or the joannese series of 1722–1835. A description of the coins of the moidore series:[5]
The most familiar coin of this series is the moeda d'ouro (literally "gold coin", and commonly Anglicised as the moidore), stamped 4,000 réis but actually valued 20% higher or 4,800 réis (4$800). This coin weighed 3⁄8 onça (explained below) and contained 9.86 g fine gold.
Valued proportionately are coins of 480 réis (the cruzado), 1$200, 2$400, 12$000, and 24$000 (the dobrão), though they are stamped with their old values of 400, 1$000, 2$000, 10$000 and 20$000 réis, respectively.
Silver coins were issued in denominations of 480 réis (cruzado) and 240, 100 (tostão), and 50 réis, though stamped with their old values of 400, 200, 80 and 40 réis, respectively.
Copper coins were issued in denominations of 3, 5, 10, 20 and 40 réis."
There's not really a reason “why” from what I could tell, other than my personal opinion that they didn't want to restamp it. Imagine if the value of a dollar increased to $1.20, would you remint coins which said $1.20 on them?
Thank you for the great explanation, was what I understood, but much better explained.
I see there is not a valid reason for keeping the old values for 150 years; and I think there would not be a problem in restamp with a higher value; but more noticeable is that when designing new coins (that must have happened in the following 150 years), why not update the face value?.
Only reason I can guess is that they may have think the raise of gold and silver value was something that would not last, and possibly would return to old value in few time; which did not happen.
Of course, for us is hard to think as people from 350 years ago, and also Portuguese people may have different ideas than ours.
Who knows?…
Just 10 options: you understand binary, or you don't.
Catalog Referee Coins, Banknotes & Exonumia: Uruguay, Cuba, Bolivia, Brazil, Chile, Colombia, Mexico, Peru, Paraguay, Costa Rica, Venezuela, Panama, Ecuador, Zamunda, Parva Domus and more.
"Gold coins issued during the Brazilian Gold Rush of the 18th century belonged to either the moidore series of 1688–1732 or the joannese series of 1722–1835. A description of the coins of the moidore series:[5]
The most familiar coin of this series is the moeda d'ouro (literally "gold coin", and commonly Anglicised as the moidore), stamped 4,000 réis but actually valued 20% higher or 4,800 réis (4$800). This coin weighed 3⁄8 onça (explained below) and contained 9.86 g fine gold.
Valued proportionately are coins of 480 réis (the cruzado), 1$200, 2$400, 12$000, and 24$000 (the dobrão), though they are stamped with their old values of 400, 1$000, 2$000, 10$000 and 20$000 réis, respectively.
Silver coins were issued in denominations of 480 réis (cruzado) and 240, 100 (tostão), and 50 réis, though stamped with their old values of 400, 200, 80 and 40 réis, respectively.
Copper coins were issued in denominations of 3, 5, 10, 20 and 40 réis."
There's not really a reason “why” from what I could tell, other than my personal opinion that they didn't want to restamp it. Imagine if the value of a dollar increased to $1.20, would you remint coins which said $1.20 on them?
Thank you for the great explanation, was what I understood, but much better explained.
I see there is not a valid reason for keeping the old values for 150 years; and I think there would not be a problem in restamp with a higher value; but more noticeable is that when designing new coins (that must have happened in the following 150 years), why not update the face value?.
Only reason I can guess is that they may have think the raise of gold and silver value was something that would not last, and possibly would return to old value in few time; which did not happen.
Of course, for us is hard to think as people from 350 years ago, and also Portuguese people may have different ideas than ours.
Who knows?…
Yeah i'm really confused why they didn't restamp the silver coinage, they did restamp the gold coins
