Guatemala 1789-NG M 4 escudos

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Heritage sale 3037, lot 29820
Guatemala H3037-29820r.jpg

This specimen was lot 29820 in Heritage sale 3037 (New York, January 2015), where it sold for $5,170. The catalog description[1] noted, "Charles IV gold 4 Escudos 1789 NG-M VF20 PCGS, Nueva Guatemala mint. An attractively colored coin with still substantial detailing present. Slight tooling evidence at 12 o'clock, essentially hidden from view and not obtrusive. An extremely rare type, with less than 5 specimens known and only 2 offerings in the last 20 years: this coin, Ex-Haberthuer (SBC 1/1996, lot 2559) and the Ex-Caballero de las Yndias example (Aureo 4/2009, lot 287, reportedly ex J. Schulman 2/1957, lot 1975). These two appearances could well correspond to the same specimen since they appear essentially identical although the most minute differences seem to appear in the denticles area on the reverse at 12 o'clock based on the Aureo illustration. If these are indeed two different coins, it would prove that the Nueva Guatemala mint equipment to produce the planchets for this denomination was flawed since, as noted previously, said planchets appear exactly similar and not fully round on both of the aforementioned coins. Despite the noted flaw, a quite decent example of this incredibly elusive issue. From The Santa Maria Collection." This is the first four escudos from Guatemala since 1783 and the next issue would be in 1794.

Recorded mintage: unknown.

Specification: 13.54 g, .875 fine gold, .380 troy oz AGW.

Catalog reference: KM 48.


  • [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.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 7th ed., Clifton, NJ: Coin and Currency Institute, 2003.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.

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