Bolivia 1779-PTS PR 8 escudos

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Goldberg sale 59, lot 2651
photo courtesy Ira & Larry Goldberg
This specimen was lot 2651 in Goldberg sale 59 (Beverly Hills, June 2010), where it sold for $17,250. The catalog description[1] noted,
"Bolivia. 8 Escudos, 1779 PTS-PR (Potosi). Charles III, 1759-1788. Draped bust of Charles III right. Reverse: Crowned arms, Order of Golden Fleece around. Fully struck up, with semi-cameo devices on bright fields. Very lustrous. Very Rare in this grade; the finest example seen in many years. NGC graded MS-63. Charles had almost a pathological hatred of the British, and opposed them politically whenever he could. He opposed Britian in the French and Indian War (Seven Years War), and for his efforts, lost Florida, but gained the Louisiana Territories from France. He really wanted to recapture Gibraltar, since it was just a few feet from his coastline, but the British kept the territory. Ex Trigo Collection. Ex Millennia, Lot 943."

While silver coins from Bolivia exist in vast quantities, gold from Bolivia is scarce. For the colonial period, Colombia may be regarded as the most prolific issuer, followed by Mexico, followed by Peru. Bolivia, Chile and Guatemala are minor sources. This type was minted 1778-88 and is rare, tho somewhat more available than the four escudos.

Recorded mintage: unknown.

Specification: 27.07 g, .901 fine gold, .765 troy oz AGW; this specimen: 27.01 grams.

Catalog reference: KM 59, Fr-1.

Source:

  • [1]Ira & Larry Goldberg, Goldberg sale 59: the pre-Long Beach Sale, Beverly Hills, 2010.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 7th ed., Clifton, NJ: Coin and Currency Institute, 2003.
  • Krause, Chester L., and Colin R. Bruce II, Standard Catalog of World Coins: Spain, Portugal and the New World, Iola, WI: Krause Publications, 2002.

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