Press release from Numismatic Guaranty Corporation:
Numismatic Guaranty Corporation has certified a rare and important
1906 Brazilian gold medal struck to commemorate the appointment of
Archbishop of Rio de Janeiro Joaquim Arcoverde de Albuquerque
Cavalcanti as Cardinal by Pope Pius X in 1905. This celebrated event
marked the first time that a South American was appointed Cardinal by
the Holy See.
Intricately engraved medals were struck in bronze, silvered copper,
gilt bronze, silver and gold to commemorate the occasion. Only three
gold medals were struck: one for the newly appointed Cardinal, one for
Pope Pius X and one — the piece recently graded by NGC — for Brazilian
President Francisco de Paula Rodrigues Alves.
The large gold medals presented to the Cardinal and the Pope are
held by museums, which makes the President Alves specimen the only
example available for collectors.
NGC has graded the President Alves example as Mint State 65. The
large medal, which measures 70 millimeters in diameter and weighs
232.98 grams, is encapsulated in an NGC oversize holder.
Jeff Kahn, a dealer in rare gold medals, submitted this
extraordinary piece to NGC for certification.
“Authentication and grading by NGC will give my clients confidence
in the authenticity and preservation of this spectacularly beautiful
historical medal,” says Kahn. “The NGC holder adds additional
protection to ensure that this rare medal is properly protected for
years to come.”
“We are honored to have had the opportunity to handle a medal that
is not only extremely rare but also an important part of Brazilian and
Catholic history,” says Jay Turner, NGC finalizer. “Beyond that, this
stunning medal is truly a work of art.”
To learn more about NGC, visit its website.