Guatemala 1786-NG M 4 reales

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Heritage sale 3037, lot 29815
photo courtesy Heritage Auction Galleries

This specimen was lot 29815 in Heritage sale 3037 (New York, January 2015), where it sold for $1,645. The catalog description[1] noted, "Charles III 4 Reales 1786/5 NG-M VG Details (Scratches) NGC, Nueva Guatemala mint, A rather wholesome specimen of this very rare date, with all essential details quite visible including the bold 1786/5 overdate. Only four confirmed specimens are known, thus among the rarest bust silver issues of the entire Guatemalan series. Unlisted by all major references including Burzio, Pellicer and Palmer-Almanzar, the discovery coin (a holed example but with a clear date) of this issue was pictured in the otherwise unremarkable work of Siliezar Ramos ("Catalogo de monedas y medallas de proclama de Centroamerica y Panama", 1977). Carlos Jara's upcoming reference on the bust Charles III NG issues indicates a measly mintage of 1,666 pieces for this date, by far the lowest of the entire series, which gives a logical explanation for its elusiveness. An important opportunity for the specialist, unlikely to repeat itself in the following years. Ex-Whittier collection (Heritage Auctions 6/2006, lot 16978 for $2,300). From The Santa Maria Collection."

Recorded mintage: unknown.

Specification: 13.54 g, .896 fine silver.

Catalog reference: KM 35.2a (unlisted date).

Source:

  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
  • [1]Bierrenbach, Cristiano, Warren Tucker and Scott Cordry, Heritage Signature Auction 3037, featuring the Empire, the Santa Catarina, the Law and the Santa Maria Collections, Dallas, TX: Heritage Auction Galleries, 2014.

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