Guatemala 1759-G P 8 reales

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Ponterio sale 161, lot 20463
photo courtesy Stack's-Bowers LLC

This specimen was lot 20463 in Ponterio sale 161 (Chicago, August 2011), where it sold for $17,250. The catalog description[2] noted, "GUATEMALA. 8 Reales, 1759-P. The only NGC certified mint state example of a Ferdinand VI pillar dollar. Well struck, fully lustrous with a hint of light adjustment marks on the obverse, population 1 of 1 for this king. NGC MS-64."

Unlike the other colonial mints, Guatemala seems to have issued more four reales than any other denomination. Gilboy marks the half, one and two reales as "rare" and the eight reales as "scarce" to "normal." None are marked as common. Guatemalan issues are notably cruder than other mints. Mexican numismatists hotly debate which side of the coin constitutes the obverse. Gilboy[1] 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: 27.07 g, .917 fine silver, .798 troy oz ASW.

Catalog reference: KM-18; FC-7(R6); El-10; Gil-G-8-7.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • [1]Gilboy, Frank F., The Milled Columnarios of Central and South America: Spanish American Pillar Coinage, 1732 to 1772, Regina, Saskatchewan: Prairie Wind Publishing, 1999.
  • Yonaka, Brad, A Variety Guide to the Pillar Coinage of the Guatemala, Bogota, Lima, Potosi, and Santiago Mints, 1752-1771, Long Beach, CA: Agorocu Consulting, 2018.
  • [2]Ponterio, Rick, et al., Ponterio sale 161: The Chicago ANA Auction, Irvine, CA: Stack's-Bowers, LLC, 2011.

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