Spain 1712-S M 8 escudos

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Eliasberg lot 2078
Spain 1712M 8 escudos rev Eliasberg 2078.jpg
The first specimen was lot 2078 in the Eliasberg sale, where it sold for $3,910. The catalog description[1] noted,
"1712 M 8 escudos. Seville mint. VF-35 (NGC). Crowned arms in garter, legends of Felipe V around/cross in quadrilobe, legends and date around. Pale yellow gold, even in color though lightly cleaned decades ago. Some granularity at centers, good strike, minor adjustment marks at base of reverse. An elusive issue, called rare by Calico. Similar to the piece in the 1988 Guia sale (struck from the same dies and called 'Choice Very Fine') that brought $2,860, slightly finer than the Iovino coin (NAC, November 2000, different dies at 3,000 Swiss Francs). Purchased from Watkins Coin Company, July 1943."
Altho this coin is machine struck, the style of this Spanish eight escudos is very reminiscent of the gold cobs being struck in New Spain at the time. All Spanish eight escudos are rare compared to their Latin American counterparts and this issue is no exception. The Madrid issues are substantially rarer than the Seville issues. The portrait type was adopted in 1729 and extended to the Mexico City mint in 1732.

Recorded mintage: unknown.

Specification: 27.07 g, .917 fine gold, .798 troy oz AGW; this specimen: 26.85 grams, 36.20 mm.

Catalog reference: Cayón-9937, KM 260, Friedberg 247.

Source:

  • 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.
  • 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]Kraljevich, John, John Pack, Elizabeth O. Piper and Frank Van Valen, The Louis E. Eliasberg, Sr., Collection of World Gold Coins and Medals, Wolfboro, NH: American Numismatic Rarities, 2005.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.

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