While Brazil did not mint any 400 reis coins in 1889, they did mint some in 1901 with the date of 'MCMI' (1901 in Roman numerals) and the design that Mr. Rosenbluh describes. This design can also be found on the 100 and 200 reis coins from that year.
They were not minted in silver, however, but in copper-nickel. Millions were made, and the values remain low today, as outlined by the approximate catalog values listed below:
100 reis 1901:
Worn: less than $1 US dollar
Average circulated: $1
Well preserved: $3
Fully uncirculated: $10
200 reis 1901:
Worn: less than $1
Average circulated: $1
Well preserved: $6
Fully uncirculated: $12
400 reis 1901:
Worn: $1 US dollar
Average circulated: $3
Well preserved: $6
fully uncirculated: $15
Damaged coins will be worth much less. Damage includes corrosion, heavy scratching, stains, or other problems that heavily impair the eye appeal of the coin.
Refer to our Terminology page to properly interpret these catalog values.
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