Colombia 1862-M peso oro

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Sedwick sale 9, lot 322
This type was struck at Medellin. This specimen was lot 322 in Sedwick sale 9 (Fort Lauderdale, FL, April 2011), where it sold for $11,500. The catalog description[1] noted,
"Medellin, Colombia, 1 peso, 1862-M, encapsulated NGC AU details, repaired, extremely rare, ONE KNOWN. This is numismatic sleuthing at its best: In his book Frank stated: 'Only two specimens, one of them damaged, have been recorded,' referring to his own coin and one that had been plated in KM for decades, showing a solder-mark in the center of the reverse and some natural flaws to the left of the date and at about 11 o'clock on the reverse. Had Frank examined his coin and the KM photo more carefully, however, he would have realized THEY WERE THE SAME COIN, just with some judicious repairs made to it sometime prior to his ownership. While condition freaks can argue over which is less distasteful--damage or repair--the inescapable fact is that this coin has therefore become UNIQUE, as no records of any other specimens have come to light either before Frank's book or since. As a single-known specimen, then, this coin is missing in all other collections and effectively limitless in value, despite its condition. We look forward to letting the serious collectors decide its fate here and now. Dr. Frank Sedwick collection of Colombian Republic gold coins."

Recorded mintage: unknown.

Specification: 1.61 g, .900 fine gold, .047 troy oz AGW.

Catalog reference: Sedwick-21. Restrepo-230. KM-135.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • 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]Sedwick, Daniel F., Augi Garcia and Cori Sedwick Downing, Treasure Auction #9, Winter Park, FL: Daniel Frank Sedwick, LLC, 2011.

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