Spain 1708-Seg Y 8 escudos

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Heritage sale 3081, lot 32326
photo courtesy Heritage Auction Galleries

This specimen was lot 32326 in Heritage sale 3081 (New York, January 2020), where it sold for $114,000. The catalog description[1] noted, "Spain: Amazing Fine Work Segovia 8 Escudos. Philip V gold 8 Escudos 1708 (Aqueduct)-Y AU58 NGC, Segovia mint. Of the utmost rarity, an incredible Segovian 8 Escudos from the first year of production for the series. Struck only in 1708 and 1717 before the established issue began in 1721, these initial types are considered trials by some and, when examining the fantastic die arrangement and quality of the present offering, this is not a hard fact to believe. Struck ever-so-slightly off-center on an oversized flan yet still bearing full edge dentils, the designs fantastically well-executed with only trivial surface rub defining the grade. Much of the field is matte with die-polish lines, flaring occasionally into dazzling, lustrous brilliance in the recesses. The fact that this very coin is the plate in so many references should serve as testament to its beauty, and without a doubt few can represent the type so finely as this. Simply the best, a coin which should surely ignite fervor in the heart of any collector of Spanish material, and encourage premium bidding to match." This was issued from Segovia in the midst of the War of the Spanish Succession, wherein Philip V successfully defeated the archduke Charles' attempt to seize the throne. This issue is priced ten times the already expensive eight escudos from Seville.

Recorded mintage: unknown.

Specification: 27.07 g, 0.917 fine gold, this specimen 26.87 g.

Catalog reference: KM 277 (this coin), Cal-150 (same), Onza-453 (same), Chaves-695 (same), Cayón-9912.

Source:

  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, vol. 1, Madrid: Cayón-Jano S.L., 2005.
  • Calicó, Xavier, Numismática Española: Catálogo General con Precios de Todas las Monedas Españolas Acuñadas desde Los Reyes Católicos Hasta Juan Carlos I, 1474 a 2001, Barcelona: Aureo & Calicó, 2008.
  • 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.
  • [1]Bierrenbach, Cristiano, Warren Tucker and Sam Spiegel, Heritage World and Ancient Coins Auction 3081, featuring the Caranett Collection, Dallas, TX: Heritage Auction Galleries, 2019.

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