In the world of numismatics, rare coins occupy a prominent place, attracting enthusiasts willing to invest significant amounts in pieces of high historical and monetary value. A discovery is catching the attention of collectors and enthusiasts. A R$1 coin, manufactured in 1998, can be worth more than R$26,000.
This way, find out more details about the criteria that make this coin so valuable and how to identify if you have one of these rarities in your collection. Continue reading for more information!
R$1 coin made in 1998 could be worth more than R$26,000
An example of this phenomenon is the so-called “coin with the letter P”. It is a rarity that can fetch a value of up to R$30,000 or more, depending on its condition.
In 1998, the Central Bank of Brazil issued a series of coins that were minted with different materials, such as alpaca and cupronickel, instead of traditional stainless steel. This project aimed to test these materials for future productions. However, the coins ended up not being released into mass circulation, making them very rare items today.
Thus, the “coin with the letter P” has this marking on the reverse side, indicating that it was produced as a proof by the Mint. This letter “P” is discreetly located before the margin that contains circular dashes, serving as a crucial clue for its identification.
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How to identify and value rare coins?
In fact, among the criteria for identifying a rare coin, such as the R$1 coin made in 1998, check out some of them below.
- Condition of Conservation: Coins in “mint condition”, which indicates that they have never been used, tend to have a significantly increased value;
- Rarity: The number of coins produced in a specific reduced test is a key factor. The letter “P” coin has a rarity level of R5, the highest possible level;
- Documentation: Provenance and authentication by reputable entities can drive perceived value.
One of these coins was sold at auction for R$26,100 in September 2022, proving its high value and the interest it arouses among collectors. Finally, the exclusive nature of these tested pieces confers not only a monetary value, but also a historical value, symbolizing a particular moment in Brazil’s monetary history.
Photo: rafastockbr / shutterstock.com
