NGC certifies rare gold medal presented to Brazilian President Alves

Medal is one of three made and only one available privately
Published : 04/23/15
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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.

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