El Salvador 1914-CAM peso

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Goldberg sale 46, lot 890
photo courtesy Ira & Larry Goldberg
This specimen was lot 890 in Goldberg sale 46 (Beverly Hills, May 2008), where it sold for $11,000. The catalog description[1] noted,

"El Salvador. Republic. Peso, 1914 C.A.M. Decimal coinage. Flag-draped shield, with Cap of Liberty and cornucopiae above, arms below, all within wreath. Reverse: Bust of Christopher Columbus left. Superb strike, with splendid medium to deep gray toning, with iridescent undertones in golds, magentas, greens, and blues. Very Rare. Estimated mintage of 20. The only proof issue struck at the Philadelphia mint. NGC graded Proof 64.

"El Salvador, in Central America, is both the smallest nation in the continental Americas next to Belize, and the most densely populated. It is approximately the size of Massachusetts. It is named after Christ, the Saviour. It is regularly beset by hurricanes and earthquakes, which has hampered its economic growth. The natives in the sixteenth century, known as the Pipils, strongly and successfully defended their territory against the Spaniards on numerous occasions."

This is the only date known in proof. This type was struck at Brussels, San Francisco and Philadelphia 1904-14. It is fairly common in circulated condition.

Recorded mintage: 2,100,000 circulation strikes plus 20 proofs.

Specification: 25 g, .900 fine silver, .723 troy oz ASW; this specimen: 25.01 grams.

Catalog reference: Eliz --; WR-2; KM-115.2.

Source:

  • [1]Goldberg, Ira, and Larry Goldberg, Goldberg Sale 46: the Millenia Collection, Beverly Hills, CA: Ira and Larry Goldberg Auctioneers, 2008.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.
  • Elizondo, Carlos A., Eight Reales and Pesos of the New World, San Antonio, TX: 1968.

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