Guatemala 1824-NG M 4 escudos

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Heritage sale 3030, lot 24447
Guatemala 1824 4 escudos rev H3030-24447.jpg
This specimen was lot 24447 in Heritage sale 3030 (New York, January 2014), where it sold for $7,050. The catalog description[1] noted,
"Extremely Rare 1824 4 Escudos Central American Republic gold 4 Escudos 1824 NG-M, AU Details (Mount Removed) NGC. Rather sharply struck, attractive and with little wear but lightly polished and with evidence of a mount removed for 12:00 (not visible from either obverse or reverse). One of only four specimens confirmed by the cataloguer. Ex. Freeman Craig auction 9/1982, lot 737 (for $3,500) where its rarity was duly noted. All references (KM, Lopez Chaves y Sanchez' Catalogo de la Media Onza o Doblon de a Cuatro, etc) list the 1825 as being the rarer date of this type while omitting the excessively rare 1826 date altogether. This is clearly mistaken, since the rare 1825 date appears from time to time: the Norweb collection (Christie's Dallas 9/1985, lot 834) included a wonderful specimen (perhaps the same coin as the Nate Shapero specimen - Hans Schulman 10/1971), the Eliasberg collection included an ugly VF with mount removal (ANR 4/2005, lot 3034 for $2,760), and UBS twice offered a nice XF specimen a few years back (Auction 61, 9/2004, lot 3046, optimistically described as Uncirculated for CHF 9250, and later Auction 63, 9/2005, lot 4569 described as Minor edge knocks, Extremely Fine for CHF 9,500). On the other hand, the last appearance of the 1824 date recalled by the cataloger is the offering of the beautiful Hammel specimen (Stacks's 9/1982, lot 835 described as Traces of Prooflike Surfaces. Extremely Fine for $5,500). Overall, a decent specimen of an extremely rare coin and worthy of a strong bid from the specialist. From The Isaac Rudman Collection of Guatemala Coins."
This specimen was one of a type struck in Guatemala 1824-25 and sporadically in Costa Rica 1828-49. All are rare. The type is listed in the SCWC under the Central American Republic. This federation was an attempt to unite all the former Spanish provinces of Central America into one country but collapsed amid recrimination and civil war.

Recorded mintage: unknown but rare.

Specification: 13.5 g, .875 fine gold, .379 troy oz AGW.

Catalog reference: KM 7, Fr-27.

Source:

  • 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.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • [1]Bierrenbach, Cristiano, Warren Tucker and David Michaels, Heritage World and Ancient Coins Auction 3030, featuring the RLM Collection, the Isaac Rudman Collection, the Hans Cook Collection and the Collection of Donald E. Bently, Dallas, TX: Heritage Auction Galleries, 2013.

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