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20 000 Réis

Issuer Casa da Moeda do Brasil (Brazilian Mint)
Year 1889-1922
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Value 20 000 Réis (20 000)
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Obverse description Left-facing draped bust of Liberty wearing a Phrygian cap adorned with a knot at the apex, her hair arranged in a loose chignon at the nape, rendered in high relief against a smooth field. The peripheral legend REPUBLICA DOS ESTADOS UNIDOS DO BRAZIL curves along the upper portion of the coin, while the date appears in the lower field flanked by two five-pointed stars. The entire design is enclosed within a finely beaded inner border adjacent to the reeded edge.
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Reverse description Central device depicting a stylized representation of the Brazilian celestial globe, rendered as a lined sphere within a circular frame, bearing the constellation of the Southern Cross and additional stars arranged to reflect the national flag motif. An outer ring of twenty-one five-pointed stars encircles the globe, symbolizing the states of the Republic. The peripheral legend ORDEM E PROGRESSO arcs along the upper field, while the founding date 15 DE NOVEMBRO DE 1889 curves along the lower field, both flanked by small ornamental rosettes, all within a beaded border.
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Additional information

Brazil's 20,000 réis gold piece bridged the end of the Empire and the early decades of the Republic — the same denomination, an unbroken series, across one of the most turbulent political transitions in South American history. The monarchy fell in November 1889 without a single shot fired, and the mint continued striking gold with barely a pause.

The series ran until 1922, by which point chronic currency instability and Brazil's reliance on coffee export revenues had made gold coinage increasingly ceremonial. Most late-date examples saw little commercial circulation.

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