Ecuador 1828-GY escudo

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Sincona sale 43, lot 3282
This specimen was lot 3282 in Sincona sale 43 (Zurich, October 2017), where it sold for 550 CHF (about US$656 including buyer's fees). The catalog description[1] noted,
"ECUADOR, Republik, 1 Escudo 1828. Quito. Sehr schön. (republic of Ecuador, one escudo of 1828, Quito mint. Very fine.)"
Altho the Sincona cataloguers did not so note, this specimen is almost certainly a counterfeit. The weight is wrong; the die style is incorrect; no Ecuadorean coins are known with assayer GY and no Ecuadorean gold coins are known dated 1828. The only consolation is that the winning bidder likely knew this coin was a fake or it would have sold for multiples of the reported price realized (see the 1833 escudo for comparison).

Recorded mintage: unknown.

Specification: 3.3 g, .875 fine gold, this specimen 2.44 g.

Catalog reference: KM 15.

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.
  • [1]Richter, Jürg, Sincona sale 43, Gold and Silver Coins and Medals, Zurich: Sincona AG, 2017.

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