Chile 1779-So DA 8 reales

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photo courtesy Heritage Auction Galleries
photo courtesy Heritage Auction Galleries

This specimen was lot 23793 in Heritage sale 3015 (Long Beach, September 2011), where it sold for $12,650.

The catalog description[1] 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.


Source:

  • [1]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.

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