Guatemala 1762-G P 4 Reales
This specimen was lot 1454 in Sedwick sale 12 (Winter Park, FL, October 2012), where it sold for $354. The catalog description noted, "Guatemala, pillar 4 reales, Charles III, 1762P. Fine with nice toning, slightly crude strike with weakness near rims, old scratch on shield, probably lightly shaved, scarce type." Shown is a 1762 four reales from the Guatemala mint, of a type issued 1760-71. All pillar coinage from Guatemala is scarce and many issues are rare. Gilboy notes this date as "S2" or "very scarce," indicating that less than 250 specimens exist. Assayer "P" is noted for the years 1759-85. 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. Guatemala issues are notably cruder than other mints.
Mexican numismatists hotly debate which side of the coin constitutes the obverse. Gilboy 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: 13.54 g, .917 fine silver, .399 troy oz ASW, this specimen 12.3 g.
Catalog reference: G-4-11, KM-26; CT-1045.
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- Gilboy, Frank F., The Milled Columnarios of Central and South America: Spanish American Pillar Coinage, 1732 to 1772, Regina, Saskatchewan: Prairie Wind Publishing, 1999.
- Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
- Sedwick, Daniel F., Augi Garcia and Cori Sedwick Downing, Treasure Auction #12, Winter Park, FL: Daniel Frank Sedwick, LLC, 2012.