Colombia 1886/74-M 10 pesos

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photo courtesy Daniel F. Sedwick, LLC
This type was struck at Medellin this year only as a revival of the style used 1864-71. It was the last attempt to strike this denomination until the "minero" type of 1913, which was issued on a different weight standard. This type was accompanied by a gold two pesos and five pesos, both rare. This specimen was lot 367 in Sedwick sale 9 (Fort Lauderdale, FL, April 2011), where it sold for $40,250. The catalog description[1] noted,
"Medellin, Colombia, 10 pesos, 1886/74, encapsulated NGC AU-53, extremely rare, finest known. Choice specimen, slightly softly struck but practically no wear, indisputably the finest known and the only specimen ever graded by NGC. This is the crowning glory of the 1885-6 triumvirate (2, 5, and 10 pesos) struck in .666 gold (the stated fineness punched over .900), as decreed in 1885 by President Núñez during a financial crisis begun around 1880. Unlike the two smaller pieces, which are reeded, this 10 pesos bears incuse lettering DIOS . LEI . LIBERTAD on the edge. Also the relative axes are rotated about 30 degrees. Sedwick estimated that only three or four examples existed (Restrepo says two known), which may or may not include a scratched VF that sold in Goldberg in 2007 for $14,000. Frank bought the present specimen in the March 31, 1981, auction by Freeman Craig, who described it as possibly unique, unflawed, and worth about $15,000. A much higher price now is certainly conceivable, especially if the buyer wishes to preserve the three-coin set as Frank did, a feat he felt might never be repeated. Freeman Craig 3/81, and prior to that, José Méndez. Dr. Frank Sedwick collection of Colombian Republic gold coins."

Recorded mintage: unknown.

Specification: 16.12 g, .900 fine gold, .466 troy oz AGW.

Catalog reference: Sedwick-42. Restrepo-335. KM-141.2.a.

Source:

  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • Restrepo, Jorge Emilio, Monedas de Colombia, 1619-2006, Medellin, Colombia: Impresiones Rojo, 2006.
  • [1]Sedwick, Daniel F., Augi Garcia and Cori Sedwick Downing, Treasure Auction #9, Winter Park, FL: Daniel Frank Sedwick, LLC, 2011.

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