Colombia 1762-PN J 2 escudos

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Ponterio sale 168, lot 50058
photo courtesy Stack's-Bowers LLC

This specimen was lot 50058 in Ponterio sale 168 (Philadelphia, August 2012), where it sold for $435. The catalog description[1] noted, "COLOMBIA. 2 Escudos, 1762-PN J. PCGS Genuine--Rim Damage, VF Details Secure Holder." The Colombian mints (Popayán and Nuevo Reino) concentrated on minting gold, to the near exclusion of silver which predominated at the other colonial mints. While this makes Colombian colonial silver coins expensive, Colombian colonial gold is (comparatively) reasonable and this type is fairly common. In 1785, the purity was reduced from .901 to .875 fine. While the Popayán mint used the old bust of king Ferdinand in the 1760's, Bogotá used the "rat-nose" bust of Charles III.

Recorded mintage: unknown.

Specification: 6.77 g, .917 fine gold, .200 troy oz AGW.

Catalog reference: Fr-28; KM-36.2.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1701-1800, 5th ed., Iola, WI: Krause Publications, 2010.
  • 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.
  • Restrepo, Jorge Emilio, Monedas de Colombia, 1619-2006, Medellin, Colombia: Impresiones Rojo, 2006.
  • [1]Ponterio, Richard, Ponterio sale 168: The Official ANA Auction, Irvine, CA: Stack's Bowers LLC, 2012.

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