The Coronation Gold Coin Of Pedro I

The following is an article excerpt from Coinweek
The coronation piece is a coin that was struck in 1822 to the coronation of Pedro I.

Regarding the creation of the coin, there are theories but no certain answer.

Of these theories, two are the most likely. The first suggests that the coin was created in order to be offered as tribute to the Catholic Church on the day of the King's coronation. This was common practice among Brazilian kings at the time and the Brazilian and Portuguese noble class was deeply religious. A more likely theory, however, suggests that the gold coin was struck as a gift to the guests at the coronation mass. It is hypothesized that some of these were then spent, which may explain why a number of them circulated.

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