Bolivia 1838-PTS LM 8 soles

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Heritage sale 3042, lot 29360
Bolivia H3042-29360r.jpg

This specimen was lot 29360 in Heritage sale 3042 (Long Beach, September 2015), where it sold for $822.50. The catalog description[1] noted, "Republic 8 Soles 1838 PTS-LM MS62 NGC, Potosi mint, Lustrous Mint State with attractive surface quality and an impressively strong strike, with unusually sharply rendered details on the bust. An excellent representative of the type, popular with crown and Bolivariana collectors alike, conditionally rare and very desirable in this charming quality. A less sharply struck example in the same technical designation hammered at $1,600 in one of our recent sales (Heritage Auctions 4/2015, lot 31642)." This type was struck in substantial quantities 1827-40 after Bolivian independence. It is common. This coin often comes poorly struck on bad planchets; this specimen is above average. Later eight soles (or sueldos; the sources do not agree) were struck to the same weight standard until 1859, when the weight was lowered to 20 grams. Bolivia converted to decimal coinage in 1864.

Recorded mintage: unknown.

Specification: 27 g, .903 fine silver, edge reeded.

Catalog reference: KM-97.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • Elizondo, Carlos A., Eight Reales and Pesos of the New World, San Antonio, TX: 1968.
  • [1]Cristiano Bierrenbach, Warren Tucker and David Michaels, Heritage World Coin Auction 3042, featuring the Read and Bob Bennett Collections, Dallas, TX: Heritage Auction Galleries, 2015.

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