Bolivia 1789-PTS PR 8 escudos

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Heritage sale 3040, lot 29383
Bolivia H3040-29383r.jpg

This specimen was lot 29383 in Heritage sale 3040 (Chicago, April 2015), where it sold for $5,875. The catalog description[1] noted, "Charles IV gold 8 Escudos 1789 PTS-PR AU55 NGC, Potosi mint. A well preserved and partially lustrous coin, with limited friction on the higher points preventing a higher designation. Slightly porous appearance on parts of the obverse due to poor planchet preparation, as often seen in coins of this mint and period. The rare first date of this elusive two-year type missing from the Norweb, Eliasberg and Caballero de las Yndias collections (those groups had the "usual" 1790/89 date). Being one of the finer of the few examples seen by the cataloger, with only two examples currently graded by NGC, the current offering represents a good opportunity for the advanced collector of this series. Ex. Paul Karon Collection." 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 transitional type was minted 1789-90 and is scarce, tho less so than the four escudos.

Recorded mintage: unknown.

Specification: 27.07 g, .875 fine gold, .761 troy oz AGW.

Catalog reference: KM 68, Onza-1079.

Source:

  • [1]Bierrenbach, Cristiano, Warren Tucker and David Michaels, Heritage Signature Auction 3040, featuring the Santa Maria, the Alan Dean and the Valley View Life Collections, Dallas, TX: Heritage Auction Galleries, 2015.
  • 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.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.

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