Actually, the Richter scale is open-ended, but I read that anything much over a 9 would involve so much energy release it would break up the Earth -- so you could still assign a number to it, even if no one survived.
Apparently, the Richter scale has its problems, but that's not one of them. It can't measure quakes above magnitude 7. Maybe I read a garbled version of that, or garbled it myself. Or maybe it's just an old "fact" that was superceded by better understanding. According to
http://en.wikipedia.org/wiki/Richter_magnitude_scale there has never been an earthquake recorded above magnitude 10.0, but they have certainly occurred, without breaking up the Earth. The Chicxulub impact is estimated to have been a mag. 11.3 seismic event. Hard even to imagine.
I had never heard about the Valdivia quake before, although I did know about the Lisbon one (not that it was a 9.0, though). I guess that's a case of it being too recent to be history, but already too old to be news, when I was growing up. The great Alaska quake happened when I was ~8 years old, and I can remember that being big news.