Colombia 1811-P JF 8 reales

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Heritage sale 3064, lot 30629
Colombia H3064-30629r.jpg
from the Stack's Bowers 2018 NYINC sale, lot 12087
Colombia SB118-12087r.jpg
The first specimen was lot 30629 in Heritage sale 3064 (Chicago, April 2018), where it did not sell. The catalog description[1] noted, "Ferdinand VII 8 Reales 1811 P-JF VF35 NGC, Popayan mint. An exceptional rarity of both the Colombian and entire Colonial bust 8 Reales series, perhaps the rarest of the latter (alongside the Charles III 8 Reales of the Santiago de Chile mint), this is the elusive first confirmed date of this type. Worn evenly and unobtrusively, this specimen shows sleek unmarred fields imbued with underlying luster, well-detailed and choice for this level of certification. An identically-graded example formed part of our auction 3044 in January 2016, where it realized $11,000 hammer; we anticipate a comparable level of excitement for this important offering, a truly desirable jewel in the Colombian series." The second specimen was lot 12087 in Stack's Bowers NYINC sale (New York, January 2018), where it sold for $6,000. The catalog description[2] noted,
"COLOMBIA. 1811-JF 8 Reales. Popayán mint. Ferdinand VII (1808-1833). EF-40 (PCGS). Bust of Carlos IV. The first of the famous and elusive Popayán portrait 8 Reales. Superb light silver surfaces show hints of luster and some subtle golden toning. The eye appeal and overall quality are choice for the grade, with the only notable flaw a tiny rim nick below the 8 of the date. The planchet is a bit short at 12:00, as made, otherwise the strike and centering are outstanding. As rare as this coin is, two decent ones have sold within recent memory. The Calbeto plate coin sold in the 2008 Millennia sale for $17,250, graded EF-45 (NGC). If it is not the unquestioned finest known, it is a strong contender. The VF-35 (NGC) example sold in Heritage's January 2016 sale was likewise very nice, bringing $12,650. A circulated example with "harshly cleaned surfaces" sold in the December 1991 Superior sale, at which time this date was described as "less than 5 known." The true number is at least a bit higher, but this remains a significant and important rarity as the first portrait 8 Reales of Colombia. From the Eldorado Collection of Colombian and Ecuadorian Coins."
This coin represents the only attempt to strike portrait 8 reales in Colombia during colonial times. It was issued from the Popayán mint 1810-14, 1816 and 1820. While other mints such as Mexico City and Santiago were using the standard bust of Ferdinand VII, Popayán persisted in continuing the bust of the abdicated Charles IV.

Recorded mintage: unknown.

Specification: 27.07 g, .896 fine silver, .780 troy oz ASW.

Catalog reference: KM 71.

Source:

  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, 2 volumes, Madrid: Cayón9-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.
  • [1]Cristiano Bierrenbach and Warren Tucker, Heritage World Coin Auction 3064, featuring the Doug Robins Collection of Canadian Tokens, Dallas, TX: Heritage Auction Galleries, 2018.
  • [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.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • Elizondo, Carlos A., Eight Reales and Pesos of the New World, San Antonio, TX: 1968.
  • Raymond, Wayte, The Silver Dollars of North and South America, 2nd Ed., Racine, WI: Whitman Publishing, 1964.
  • Restrepo, Jorge Emilio, Monedas de Colombia, 1619-2006, Medellin, Colombia, Impresiones Rojo: 2006.

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