Chile 1779-So DA 8 reales
This specimen was lot 23793 in Heritage sale 3015 (Long Beach, September 2011), where it sold for $12,650.The catalog description noted,
"Carlos III 8 Reales 1779SO-DA, AU58 NGC Tarapaca Collection, small mintmark subtype. Lightly toned and lustrous, boldly struck with a full PLUS ULTRA, minimal handling in the obverse fields. Very rare type in this superb quality. Ex: UBS 1998 'One Hundred Classic Latin American Rarities' sale where it sold for 16500 SFR plus the buyer's fees. From The Tarapaca Collection of Chilean Coins."Despite what seems to be a fairly substantial recorded mintage and nearly continuous production during 1773-89, Santiago portrait eight reales of Charles III are almost as scarce as pillar dollars from that mint.
This date is listed as rare even for this scarce type.
Recorded mintage: 99,000.
Specification: 27.07 g, .903 fine silver, .780 troy oz ASW.
Catalog reference: KM-31; EL-23.
- Cristiano Bierrenbach and Warren Tucker, Heritage World Coin Auction 3015, Dallas, TX: Heritage Auction Galleries, 2011.
- Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
- Elizondo, Carlos A., Eight Reales and Pesos of the New World, San Antonio, TX: 1968.
- Raymond, Wayte, The Silver Dollars of North and South America, 2nd Ed., Racine, WI: Whitman Publishing, 1964.