Colombia 1859-P 5 pesos

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from the Stack's Bowers 2018 NYINC sale, lot 12187
Colombia SB118-12187r.jpg
This specimen was lot 12187 in Stack's Bowers NYINC sale (New York, January 2018), where it sold for $20,400. The catalog description[1] noted,
"Extremely Rare 1859-P 5 Pesos. Restrepo: Two Known. COLOMBIA. 1859-P 5 Pesos. Popayán mint. MS-62 (PCGS). The finer of two examples known to Restrepo, this coin is the plate coin in Restrepo and the Krause-Mishler catalogs, as well as Frank Sedwick's The Gold Coinage of Gran Colombia. Sedwick leaves this coin unpriced and terms it RRRR. This specimen, even without considering its rarity, is gorgeous, with rich and lustrous yellow gold surfaces that show some reflectivity inside the rims. Well struck and very attractive, with just modest softness on the first S of PESOS at the central reverse. The surfaces show scattered light marks but none are individually serious. A triangular lamination fills the space between the bases of EI of LEI at the bottom of the reverse. This is the only 5 Pesos issue struck at the Popayán mint and it stands as one of the classic rarities in the 5 Pesos series. This, along with the unique 1862-M 5 Pesos in the following lot, are the only coins of this denomination struck in the name of the Granadine Confederation. After more than 35 years, another collector now has the chance to own this one. From the Eldorado Collection of Colombian and Ecuadorian Coins."

Recorded mintage: unknown.

Specification: 8.06 g, .900 fine gold, .233 troy oz AGW.

Catalog reference: Restrepo M232.1, KM 128, Fr-90.

Source:

  • [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.
  • 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.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • Restrepo, Jorge Emilio, Monedas de Colombia, 1619-2006, Medellin, Colombia: Impresiones Rojo, 2006.

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