Guatemala 1758-G J 2 reales

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Heritage sale 3015, part of lot 27492
photo courtesy Heritage Auction Galleries
This type was struck 1754-60 at Guatemala. After the earthquake of 1776 leveled the town, production resumed at the new site in 1779 with a new mintmark, "NG". This specimen was part of lot 27492 in Heritage sale 3015 (Long Beach, September 2011), where it sold for $690. The catalog description[1] noted,
"Colonial G & NG types 1663 -1819, Crown Revalidation of 1663 is exceptionally clear and bold on an UN-holed Potosi cob 2 Reales of the assayer TR type (from about 20 years before the countermark was applied a thousand miles away). Although decades of wear is readily apparent, this is attractive and a numismatic treasure. Of the non-round style (formerly labeled "cobs" prior to the superb volume by Carlos Jara) are 2 Reales of 1738, 1740 (holed) and 1752 (holed) plus a 4 Reales of 1752 (holed host also has a clear sun-over-3-mountains revalidation stamp). Pillar type 2 Reales are dated 1758 and 1764 thus covering both kings; the Ferdinand piece has an acceptable front side but worn behind yet it is NOT holed while the Carlos is holed but otherwise quite superior for this rarer date. Real busts (5) include 1772, 1776 (mintmark G), 1799, 1816 & 1819. Bust 2 Reales again begin with the Antigua issue of 1772 (two examples) followed by 1794, 1804 and 1819. Total of 17 coins. Quality is typical for widely circulated examples of the included types of the era; some may be choice for the type while others exhibit various typical small flaws (four as noted do have holes)."

Mexican numismatists hotly debate which side of the coin constitutes the obverse. Gilboy[2] depicts the shield side as the obverse as that side bears the king's name. However, auction catalogs and dealer listings more frequently use the pillars and globes side as the obverse, as that side bears the date.

Recorded mintage: unknown.

Specification: 6.77 g, .917 fine silver, .199 troy oz AGW, this specimen 6.5 grams.

Catalog reference: KM-20; CT-465.

Source:

  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
  • [1]Cristiano Bierrenbach and Warren Tucker, Heritage World Coin Auction 3015, Dallas, TX: Heritage Auction Galleries, 2011.
  • [2]Gilboy, Frank F., The Milled Columnarios of Central and South America: Spanish American Pillar Coinage, 1732 to 1772, Regina, Saskatchewan: Prairie Wind Publishing, 1999.

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