Colombia 1756-NR S 8 escudos

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Eliasberg lot 1453
Colombia 1756NR 8 escudos rev Eliasberg AN68856193-rz.jpg
from the Stack's Bowers 2018 NYINC sale, lot 11139
Colombia SB118-11139r.jpg
The first specimen was lot 1453 in the Eliasberg sale, where it sold for $13,800. The catalog description[1] noted,
"1756 S 8 escudos. Bogotá mint. AU-50 (NGC). Large draped and armored bust of Fernando VI to right, legends around, date below/crowned arms, garter around, legends around garter. Uniform deep yellow gold, traces of lustre remain in the most protected recesses. Light scratches are noted just below the king's shoulder and on the reverse just right of the arms. Similar condition to the Calico plate coin, earlier from the 1997 Norweb sale, which brought $7,480. A rare issue, this coin is one of just a handful known. This date is called 'pocos ejamplares conocidos' (few examples known) in Calico. From the John H. Clapp Collection; Clapp estate to Louis E. Eliasberg, Sr., 1942."
The second specimen was lot 11139 in Stack's Bowers NYINC sale (New York, January 2018), where it sold for $4,800. The catalog description[2] noted,
"Important 1756-S 8 Escudos. COLOMBIA. 1756-S 8 Escudos. Santa Fe de Nuevo Reino (Bogotá) mint. Ferdinand VI (1746-1759). AU-55 (PCGS). Until the very recent discovery of the 1755-S 8 Escudos, this issue was thought to be the first milled 8 Escudos of Colombia. It has long been accorded the status of a classic rarity, rated as "pocos ejemplares conocidos" (only a few specimens known) in the Calicó Onza book and "very rare" by Restrepo. The few known survivors seem to be in similar condition: the Clapp-Eliasberg coin was graded AU-50 (NGC), the Calicó Plate coin from Norweb was similar, and this piece is in the same neighborhood. A good deal of luster persists, especially at the peripheries. The obverse is ideally centered, the reverse shows long denticles at the top and none at the bottom. The central obverse shows some natural low spots or granularity. Both sides show their share of hairlines and light marks, but no serious flaws are noted. Flashier than the Eliasberg coin and a very desirable example of a famous rarity. From the Eldorado Collection of Colombian and Ecuadorian Coins."
This type was struck at Bogotá 1756-60 and at Popayán 1758-60. Unlike later dates (after 1772), these early issues are rare.

Recorded mintage: unknown.

Specification: 27.07 g, .917 fine gold, .798 troy oz AGW; this specimen: 27.02 grams, 37.50 mm diameter.

Catalog reference: Cayón-10898 (milled), KM 32.1, Fr-15, Calico Onza-634, Restrepo M24.2.

Source:

  • [1]Kraljevich, John, John Pack, Elizabeth O. Piper and Frank Van Valen, The Louis E. Eliasberg, Sr., Collection of World Gold Coins and Medals, Wolfboro, NH: American Numismatic Rarities, 2005.
  • [2]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.
  • 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.
  • 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.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
  • Restrepo, Jorge Emilio, Monedas de Colombia, 1619-2006, Medellin, Colombia: Impresiones Rojo, 2006.

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