Guatemala 1758-G J 2 reales
"Colonial G & NG types 1663 -1819, Crown Revalidation of 1663 is exceptionally clear and bold on an UN-holed Potosi cob 2 Reales of the assayer TR type (from about 20 years before the countermark was applied a thousand miles away). Although decades of wear is readily apparent, this is attractive and a numismatic treasure. Of the non-round style (formerly labeled "cobs" prior to the superb volume by Carlos Jara) are 2 Reales of 1738, 1740 (holed) and 1752 (holed) plus a 4 Reales of 1752 (holed host also has a clear sun-over-3-mountains revalidation stamp). Pillar type 2 Reales are dated 1758 and 1764 thus covering both kings; the Ferdinand piece has an acceptable front side but worn behind yet it is NOT holed while the Carlos is holed but otherwise quite superior for this rarer date. Real busts (5) include 1772, 1776 (mintmark G), 1799, 1816 & 1819. Bust 2 Reales again begin with the Antigua issue of 1772 (two examples) followed by 1794, 1804 and 1819. Total of 17 coins. Quality is typical for widely circulated examples of the included types of the era; some may be choice for the type while others exhibit various typical small flaws (four as noted do have holes)."The second specimen was lot 23004 in Stack's Bowers NYINC sale (New York, January 2020), where it sold for $504. The catalog description noted, "GUATEMALA. 2 Reales, 1758-G J. Guatemala Mint. Ferdinand VI. PCGS FINE-15 Gold Shield. A wholesome example of this somewhat crudely made type, struck slightly off center with even gray toning throughout and minimal field marks."
Mexican numismatists hotly debate which side of the coin constitutes the obverse. Gilboy depicts the shield side as the obverse as that side bears the king's name. However, auction catalogs and dealer listings more frequently use the pillars and globes side as the obverse, as that side bears the date.
Recorded mintage: unknown.
Specification: 6.77 g, .917 fine silver, .199 troy oz AGW, this specimen 6.5 grams.
Catalog reference: Yonaka-G2-58; Cayón-10441, KM-20; CT-465.
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- Gilboy, Frank F., The Milled Columnarios of Central and South America: Spanish American Pillar Coinage, 1732 to 1772, Regina, Saskatchewan: Prairie Wind Publishing, 1999.
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