My Exploration of the Brazilian Gold 20,000 Reis from Minas Gerais, 1727

I’ve always been drawn to coins that feel like history you can hold, and the Brazilian gold 20,000 reis from 1727 under King Joao V is exactly that. Its sheer size – a hefty 53.50 grams of 0.9170 gold – makes it impossible to ignore, and digging into its story has been one of the most rewarding parts of my collecting journey.

The Weight of History in Minas Gerais

Looking into its origins, this coin speaks volumes about the Minas Gerais gold rush starting in the 1690s. Imagine rivers practically spilling gold – over 800 metric tons shipped to Portugal in just the 18th century, propping up Europe’s economy. Holding this piece, I can’t help but reflect on the harsh reality: this wealth was built on the backs of enslaved Africans and conflicts with indigenous peoples like the Payagua. It wasn’t pocket change; this was a bold declaration of abundance during a feverish time of extraction.

Examining the Craftsmanship

Getting this coin under the light reveals its artistry. The front (“IOANNES • V • D • G • PORT • ET • ALG • REX”) circles a crowned Portuguese shield, with “20000” and florets flanking it. Flip it over, and you see “IN HOC SIGNO VINCES” (In this sign thou shalt conquer) centered on a cross, M’s in the corners, and the date above. Struck only from 1724 to 1727 alongside smaller denominations (like the 2,000 or 10,000 reis), its rarity is underscored by its KM 117 or Gomes-38.04 listing.

Collecting Wisdom from the Trenches

Over years of collecting these, I’ve learned a few practical lessons that might help fellow enthusiasts:

• Look for smaller denominations like the 6,400 reis “Half Joe” first – they’re more affordable but still pack historical punch.
• Be skeptical of raw grades! An “EF” coin might easily grade MS-63 or 64 with NGC or PCGS. Focus on sharp details and minimal wear.
• Slabbing offers great protection against dings, especially with soft gold, but consider whether you prefer the feel of a raw coin.

For storage, I use a poly-liner inside a 2×2 paper envelope to avoid toning – though with this high gold content, color shifts are rare. Aim for eye appeal over perfection; heavy bag marks are just part of their story.

Watching the Market Pulse

Values have definitely climbed alongside gold prices. I recall a similar 1727 piece fetching over $7,000 at auction years back, turning a tidy $2,000 profit. Called “Joes” after King Joao, these were as sought-after as Spanish doubloons back then, and that allure still captivates history buffs today.

Reading the Coin’s Condition

Judging condition takes a careful eye. Many raw coins called “EF” or “Vorzüglich” often surprise by hitting MS-63/64 with grading services. For this 20,000 reis, prioritize strong strikes and avoid major flaws. My own piece feels mint state, but without that slab, it’s my best guess. When in doubt, check auction archives or ask a trusted dealer.

Why This Coin Resonates

The dream of standing in Ouro Preto, where this coin was born, adds a deep layer to owning it. I haven’t made it there yet, but the tales of its steep, history-soaked streets fuel my passion for Brazilian colonial coinage. This 20,000 reis isn’t just metal; it’s a tangible link to centuries of global trade and human drama. Every time I hold it, I feel connected to that story – and that’s the real treasure for me.