Nice coin, Warren. But you have to watch out for counterfeits. I just went on eBay looking at these coins, and there are more fakes than genuine coins!
A 500 reis is shown in our picture. The 1000 reis looks similar, but not identical, and was only minted in 1899. The value of the 1000 reis is similar to the 500 reis, except, of course, for silver content:
500 REIS: 0.369 troy ounces silver
1000 REIS: 0.737 troy ounces silver
Find the current value of silver (e.g., at kitco.com) and multiply to find the silver value of the coin. This is called the melt value or base value (BV).
To compute catalog value, which accounts for demand from coin collectors, add the following values to the base value:
worn: BV + $10 US dollars approximate catalog value
average circulated: BV+ $15
well preserved (like our picture): BV + $30
fully uncirculated: BV + $100
Use our Important Terminology page to convert these catalog values to actual buy and sell values.
The figures above are for the most common date coins. There are a few dates that stand out and are more valuable. These *better date* coins are shown in the list below, along with their catalog values in average circulated condition.
1000 reis coins dated 1900 are extremely rare - only three genuine coins are known to exist.
Please see our Important Terminology page found at the top left in order to properly interpret the catalog values above.