Portugal 500 and 1000 Reis 1891 to 1908
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.
, Genre: Colonizers and Colonies
Requested by: warren, Sat, 25-Dec-2010 16:44:32 GMT
Answered by: Chris, Fri, 04-Jan-2013 15:13:45 GMT
Updated by Chris - Appraisal OK, Sun, 21-Dec-2014 23:26:54 GMT
Requester description: 1891 carlos 1 rei de portugal 1891 500 reis bust of carlos 1 on front crown over shield containing 7 castles and 5 small shields surrounded by wreath
Tags: portugal 500 1000 reis carlos charles 1 rei crown shield 7 castles castle 5 shields wreath karolus karolvs carol karol carl carlovs carlosi karl carlo carlvs charlie carolus carolvs crowned tiara crowns tiarra crowning tiera arms sheild coats shiled crests chevrons shild escucheon insignia arm coat crested crest chevron creast escutcheon castel wreathed rief reif reef wreathe wreat garland wreth wreah wreaths draped drapery curtains drapped drape curtain drapes