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<p>[QUOTE=&quot;robinjojo, post: 8248487, member: 110226&quot;]In colonial Brazil, there was a chronic shortage of silver coins. Gold flowed from the placer deposits in abundance, but silver and even copper, the basis for everyday coins, was in very short supply.&nbsp; Indeed, copper coinage was not produced in Brazil until 1749. There was also rampant inflation.&nbsp; The combination of these two conditions resulted in the importation of foreign silver from mainland Spain and from the Spanish colonies, notably from Potosi, located in the Viceroy of Peru, and the revaluation of these coins to reflect the inflationary trends.</p><p><br /></p><p>This 8 reales cob was minted in Seville, Spain, in 1600, assayer B.&nbsp; The revaluation countermarks, on the shield and cross sides, place the value of this coin at 600 reis, based on the decree of March 22, 1663.&nbsp; Krause places a lower value on countermarked Spanish cobs, versus cobs from Potosi and elsewhere, so apparently a large shipment of the Spanish cobs were sent by Portugal to Brazil as an augmentation to the cobs circulating in the colony.&nbsp; That&#039;s a theory on my part.</p><p><br /></p><p>This cob is quite remarkable, with two clear countermarks, a legible assayer and mint,&nbsp; and an essentially complete date, with the first &quot;0&quot; a little mushy due to the countermark.</p><p><br /></p><p>This coin is KM 19.1</p><p><br /></p><p>27.2 grams</p><p><br /></p><p>[ATTACH=full]1452753[/ATTACH] </p><p><br /></p><p>So, please post your revalued coins or any other countermarks of interest.</p><p><br /></p><p>Thanks[/QUOTE]</p><p><br /></p>

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