Guatemala 1865-R 16 pesos

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Heritage sale 3030, lot 24459
Guatemala 1865 16 pesos rev H3030-24459.jpg
This specimen was lot 24459 in Heritage sale 3030 (New York, January 2014), where it sold for $8,225. The catalog description[1] noted,

"Republic "Reduced Diameter" gold 16 Pesos 1865-R, XF45 NGC. Only 190 pieces minted. Types as above. Definite wear in all surfaces and a somewhat dull toning but overall a worthy specimen of this rarity. A modified version of the previous coin, with rearrangement of the legends to fit in a reduced size planchet and the abbreviated obverse legend Pte (for "Presidente"). This is another extremely rare one year type, with 5 confirmed specimens by the cataloguer. Carrera's death on April 14, 1865 must have prevented further mintages of these coins, with the legend Presidente, after the mentioned initial batch of 190 pieces. Missing in the Haberthuer collection and with only three traced public appearances (including the present specimen) in the past 25 years:

1) The Peltzer (Glendining's 6/1927, lot 471) - Caballero (Aureo 4/2009, lot 312 for E6,200) specimen.

2) The Newcomer (J. C. Morgenthau 2/1935, lot 1935 for $235) - Clapp - Eliasberg (ANR 4/2005, lot 3049, for $18,000) specimen: graded MS-62 and the highest graded specimen.

3) The present specimen: Ex Sothebys Geneva (5/1990, lot 242). From The Isaac Rudman Collection of Guatemala Coins."

This type is listed for 1865 only and is part of a gold series which included one, two, four, five, eight, ten, sixteen and twenty pesos.

Recorded mintage: 190.

Specification: 27.03 g, .875 fine gold, .760 troy oz AGW (same weight as the old eight escudos).

Catalog reference: KM 185, Fr-32.

Source:

  • [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.
  • 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.

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