Ecuador 1850-GJ 2 reales
This specimen was part of lot 34250 in Heritage sale 3038 (Dallas, January 2015), which sold for $1,292.50. The catalog description noted, "Republic Lot of Fifteen 2 Reales Coins, All different dates, average grade is Fine." This type was struck 1836-41 and normally encountered in Fine or lower. It varies from the later type (KM 21, struck 1837-38) in having the obverse and reverse legends transposed. It is lightweight and debased, similar to the infamous Bolivian two reales of 1830. It is scarce, but not rare, but its strong resemblance to a United States bust quarter of the years 1831-38 increases demand for it and it routinely yields over catalog value in auctions.
Recorded mintage: unknown but not rare.
Specification: 5.50-6.05 g, .667 fine silver.
Catalog reference: KM-33.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
- Bierrenbach, Cristiano, Warren Tucker and Scott Cordry, Heritage Signature Auction 3038, featuring the Empire, the Santa Catarina, the Law and the Santa Maria Collections, Dallas, TX: Heritage Auction Galleries, 2014.