La Rioja 1840-R 8 escudos

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Goldberg sale 46, lot 928
photo courtesy Ira & Larry Goldberg
This specimen was lot 928 in Goldberg sale 46 (Beverly Hills, May 2008), where it sold for $10,500. The catalog description[1] noted,
"Argentina - Republic. 8 Escudos, 1840-R (La Rioja). Mountain peak, crossed artillery and pennants beneath. Reverse: Oval shield with hands holding liberty cap, wreath around, supported by crossed pennants and artillery and topped by radiant sun. Well struck, with clean, even wear and minimal marks in the fields. Light old red toning with iridescent touches of dark rose and steely blues to be seen along the peripheries. In remarkable preservation for this one year type. One of the finest known of this key date. Rare, especially in this grade. NGC graded AU-50. The main mines in La Rioja province were located at the city of Chilecito. Here, cobs were minted from 1821-1824. These crude coins were later recalled and almost all found today are copies. The minting for the province was transferred to the capital city of La Rioja in 1824, and here coins were produced until 1860. The mines at Chilecito were located within Famatina Mountain, and that mountain is pictured on this coin. Provenance: Ex. Hammel Collection. X & F Calico, no. 1993, the plate coin."

This scarce type was one of several types of eight escudos struck in the province 1838-45; all are very rare. The catalog warns of deceptive counterfeits but the specimen shown here is genuine.

Recorded mintage: 3,039.

Specification: 27 g, .875 fine gold, .760 troy oz AGW; this specimen: 26.62 grams.

Catalog reference: Fr-9; KM 11 (plate coin).

Source:

  • [1]Goldberg, Ira, and Larry Goldberg, Goldberg Sale 46: the Millenia Collection, Beverly Hills, CA: Ira and Larry Goldberg Auctioneers, 2008.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • 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.

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