Colombia 1867-M 20 pesos

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from the Stack's Bowers 2018 NYINC sale, lot 12272
Colombia SB118-12272r.jpg
This specimen was lot 12272 in Stack's Bowers NYINC sale (New York, January 2018), where it sold for $7,200. The catalog description[1] noted,
"Extremely Rare 1867 Medellín 20 Pesos. COLOMBIA. 1867 20 Pesos. Medellín mint. AU-53 (PCGS). Cataloged as a circulation strike in the Norweb sale and as a pattern in Restrepo, this coin is extraordinarily rare, even if not all authorities agree upon its exact nature. Sedwick called it RRRR and valued it at $5,000 in 1991. In 1997, this piece brought $11,000. The surfaces clearly indicate this coin was used in commerce, even if it was not produced with that intent, as scattered light bagmarks are seen across its lustrous medium yellow gold surfaces. Both sides show impressive luster, especially at the peripheries. The devices are somewhat distinct from later Medellín 20 Pesos, even as the typefaces and layout are the same. The portrait closely resembles that of the 1868 Medellín "wide forehead" pieces. An important rarity, sure to be a highlight in an advanced set of 20 Pesos. From the Eldorado Collection of Colombian and Ecuadorian Coins. From Spink America's sale of the Norweb Collection, March 1997, lot 596. Earlier, purchased from Spink."
This type was struck at Bogotá 1862-77, Medellin 1867-72 and Popayán 1863-78. Despite the steady issue, the type is rare and expensive.

Recorded mintage: unknown.

Specification: 32.26 g, .900 fine gold, .933 troy oz AGW.

Catalog reference: Restrepo M337.1 / 1867.2, KM 142.2, Fr-101.

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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