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Lisbon, Portugal, gold moeda (4800 reis, denomination as "4000"), Pedro II, 1695/89 (unlisted overda

Currency:USD Category:Coins & Paper Money / Shipwreck - Silver Coins 1660s-1740s Start Price:1,000.00 USD Estimated At:1,250.00 - 2,000.00 USD
Lisbon, Portugal, gold moeda (4800 reis, denomination as  4000 ), Pedro II, 1695/89 (unlisted overda
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Lisbon, Portugal, gold moeda (4800 reis, denomination as "4000"), Pedro II, 1695/89 (unlisted overdate), NGC UNC details / saltwater damage / Association (designated on label). Gomes-unl (33.08 for non-overdate); KM-unl (156 for type). 10.72 grams. Bold strike with clear overdate (not listed in references), with deep red and black stains here and there over muted luster, rare and desirable type as from a wreck. The denomination on this type is a source of confusion, as NGC and other auction houses call it 4000 reis based on the explicit denomination on the coin; but Portuguese law of August 4, 1688, raised the circulating value to 4800 (and in proportion for the other denominations). What is not explained is why the dies were not changed to match the revaluation. With certificate and booklet 'Poor England has lost so many men', by Richard Larn (2006), autographed by the author. NGC #5905813-001. Recovered from: Association, sunk in 1707 off the Isles of Scilly, southwest of England