Colombia 1721-NR ARC 8 reales

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from the Stack's Bowers 2018 NYINC sale, lot 11050
Colombia SB118-11050r.jpg
This specimen was lot 11050 in Stack's Bowers NYINC sale (New York, January 2018), where it sold for $60,000. The catalog description[1] noted,
"COLOMBIA. 1721-ARC 8 Reales. Santa Fe de Nuevo Reino (Bogotá) mint. Philip V (1700-1746). AU-53 (PCGS). A beautiful specimen and an extraordinary rarity in the 8 Reales series. This is the finer of two known examples of the ARC assayer in the Philip V series, both dated 1721. Struck on a thick, chunky, nearly rectangular planchet, this piece shows bold detail on the centers of both sides. Two complete four-digit dates are present, both at the periphery and center. The mintmark and obverse legend are crystal clear, as are the ARC assayer marks on both obverse and reverse. The surfaces are frosty light to medium gray with ideal metal quality. The only other known specimen, illustrated in Restrepo, is more worn and holed, though struck on an attractive large planchet. This piece is plated in Elizondo's book on 8 Reales, in the back of the book with other highlights of his collection. The same illustration appears in Calicó with this date's listing as "rarísima." As Restrepo notes, "the known population of [all Philip V] eight reales coins is only six pieces," including two dated 1721, two dated 1722, and two dated 1742. The offering of two of those six in the present sale represents a truly once in a generation opportunity. From the Eldorado Collection of Colombian and Ecuadorian Coins. From the Carlos A. Elizondo, Jr. Collection, before 1971."
This type is also known dated 1722.

Recorded mintage: unknown.

Specification: 27.07 g, .931 fine silver, this specimen 27.07 grams.

Catalog reference: Cayón-9282, Restrepo M76.3, KM 20.

Sources:

  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, 2 volumes, Madrid: Cayón-Jano S.L., 2005.
  • Calicó, Xavier, Numismática Española: Catálogo General con Precios de Todas las Monedas Españolas Acuñadas desde Los Reyes Católicos Hasta Juan Carlos I, 1474 a 2001, Barcelona: Aureo & Calicó, 2008.
  • Restrepo, Jorge Emilio, Monedas de Colombia, 1619-2006, Medellin, Colombia, Impresiones Rojo: 2006.
  • [1]Ponterio, Richard, Kyle Ponterio, John Kraljevich and Cris Chatigny, The January 2018 NYINC Sale: Ancient Coins, World Coins & Paper Money, featuring the Eldorado Collection of Colombian and Ecuadorian Coins, Santa Ana, CA: Stack's Bowers LLC, 2017.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.


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