Chile 1856-So peso

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Heritage sale 3015, lot 23862
photo courtesy Heritage Auction Galleries

This specimen was one of a series struck 1853-62 in Santiago, Chile. It is the first peso struck in Chile to the metric standard. This type is much scarcer than the mintage would indicate and usually sells for a premium over the catalog value. Nice, original specimens are very rare such as the one shown. This specimen was lot 23862 in Heritage sale 3015 (Long Beach, September 2011), where it sold for $3,220.

The catalog description[1] noted,
"Republic Peso 1856, MS61 NGC, lightly toned with full original mint luster, very rare type when graded mint state. Ex: Von Schuckmann Collection. From The Tarapaca Collection of Chilean Coins."
The SCWC notes only the overdate, 1856/5.

In compensation, the succeeding type with the upright condor (KM 142.1), struck 1867-91, is very common.

Recorded mintage: 406,000.

Catalog reference: Eliz-109; KM 129.

Specification: 25 g, .900 fine silver, .7234 troy oz ASW.

Source:

  • [1]Cristiano Bierrenbach and Warren Tucker, Heritage World Coin Auction 3015, Dallas, TX: Heritage Auction Galleries, 2011.
  • Elizondo, Carlos A., Eight Reales and Pesos of the New World, San Antonio, TX: 1968.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.

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