Chile 1916 20 pesos

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Goldberg sale 112, lot 1703
Chile G112-1703r.jpg

This specimen was lot 1703 in Goldberg sale 112 (Los Angeles, September 2019), where it sold for $522. The catalog description[1] noted, "Chile. 20 Pesos, 1916. Head left. NGC graded MS-62." This type was struck in 1896 and 1906-17 and is among the last gold coins to circulate in Chile. It was accompanied by similar five and ten pesos (KM 159 and 157) in gold. Although the twenty pesos was a new denomination, its weight standard was only 40% of the exchange rate obtaining prior to 1892. This coin weighed 50% more than a British sovereign, but it is lighter than the previous ten pesos of 1854-92. The superseding gold twenty pesos of 1926 (KM 168) was only 4.06 g, a further two-thirds reduction.

Recorded mintage: 36,000.

Specification: 11.98 g, .917 fine gold, 27 mm diameter, 0.3533 ounce.

Catalog reference: Fr-51, KM-158.

Source:

  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
  • 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.
  • [1]Goldberg, Ira, Larry Goldberg, John Lavender, Yifu Che, Jason Villareal and Stephen Harvey, Goldberg Sale 112: the Pre-Long Beach Auction, Los Angeles: Goldberg Coins and Collectibles, 2019.

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