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1 real coin from 1998 that could be worth up to R$20? Learn about this valuable 1 real coin and what makes it so special. See if you have this rare coin at home.
In today's fast-paced world, few people imagine that a simple 1 real coin can hide a surprising value. This is the case of the 1 1998 real coin, marked by the mysterious letter 'P' on the reverse. This peculiarity has turned it into a true treasure among collectors and numismatists, raising its value to an incredible R$20. If you have one of these coins stored at home, you could be sitting on a small fortune. Find out what makes this coin so valuable, how to identify it and what to do to sell or preserve this rarity.
Understand how the valuable 1 real coin came about
In this article, we will explore the details of this rare 1 real coin, uncover the origin of its “defect” and reveal its current market value.
The letter P, located on the reverse of the 1 real coin from 1998, is not a minting error, as many people think. In fact, it represents the “Proof of Mintage”. This is a process used by the Mint to test the quality and accuracy of dies prior to mass production.
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These proof pieces are produced in limited quantities and generally do not enter circulation. However, some of them have escaped control and have become mixed in with regular coins, becoming true rarities. The value of a rare 1 real coin with the letter “P” can vary considerably, depending on its condition and market demand.
However, estimates indicate that this currency should worth something around R$1.500 and R$ 15 millionl. In some cases, these coins in perfect condition can reach even higher values in specialized auctions, such as the one that was sold for R$20 thousand.
It is important to remember that the value of this valuable 1 real coin is determined by the market and can fluctuate over time. Therefore, it is recommended to consult a numismatic expert or a reputable appraiser to get an accurate estimate of the price your item is worth.
Where to sell rare coins in Brazil?
Selling valuable coins in Brazil, such as rare 1 real coins, requires knowledge of the best sales channels and a strategy to maximize financial returns. One of the most recommended options is participate in numismatic fairs, which take place in large cities, such as São Paulo and Rio de Janeiro.
These events bring together collectors and sellers, providing a safe environment for trading. You can also get expert appraisals on-site, which helps you establish the fair value of the coin. Another option is to visit brick-and-mortar stores that specialize in numismatics, where you can sell coins directly or put them on consignment, a safe way to attract qualified buyers.
For those who prefer the convenience of selling online, there are several reliable platforms. Mercado Livre, for example, is a popular option, where many rare coin sellers already carry out their transactions.
However, it is important to be cautious when negotiating with unknown buyers and ensure that the platform offers security measures for transactions. Another option is to use specific numismatic auction sites, such as Bras Numismatic Catalogil, where you can reach a more segmented and specialized audience.
Collectors groups on social media, especially on Facebookk, are also great for those looking to sell rare 1 real coins. There are several communities of numismatists who can evaluate, trade and buy directly, offering real-time feedback.
Regardless of the chosen sales channel, it is crucial to guarantee the authenticity of the coin with a technical report from a qualified numismatist, as this increases buyers' confidence and can increase the value of the coin.
Other valuable 1 real coins on the market
In addition to the valuable 1 real coin with the letter P, there are other 1 real coins that are also considered rare and valuable on the market. Among them are:
1 real coin from 1998 that does not have the inscription “Brazil”
This rare 1 real coin has a minting error that makes it extremely rare and valuable, and can reach values that exceed R$5.000.
1 real coin from 1999 with reversed reverse
The item also has a minting error, with the reverse (the side with the effigy of the Republic) inverted in relation to the obverse (the side with the face value). This peculiarity makes it highly sought after by collectors, with values that can exceed R$3.000.
Commemorative 1 real coins
A Brazilian Mint has released several commemorative pieces worth 1 real over the years, celebrating historical events, important personalities and other relevant themes. Some of these commemorative pieces, especially those produced in limited quantities, can reach considerable values on the numismatic market.
Understand the fascination of rare coins
What makes these rare 1 real coins so special is the combination of factors such as rarity, minting errors, and market demand. Rare items, such as the 1 real with the letter P, are produced in limited quantities and generally do not enter circulation, which makes them desirable objects for collectors.
Minting errors, such as the absence of the inscription “BRAZIL” or an inverted reverse, give the pieces a unique character and further increase their value. Market demand plays a key role in determining the value of a coin. The greater the interest of collectors in a particular coin, the higher its value.
