Honduras 1862-T A 2 pesos

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from the Stack's Bowers 2018 NYINC sale, lot 24036
Honduras SB118-24036r.jpg
Sedwick Treasure Auction 28, lot 1020
Sed28-1020r.jpg

The first specimen was lot 24036 in Stack's Bowers NYINC sale (New York, January 2018), where it sold for $168. The catalog description[1] noted, "HONDURAS. 2 Pesos, 1862-TA. PCGS Genuine--Spot Removed, Unc Details Secure Holder. One small carbon spot removed from obverse. Sharply struck with nice chocolate brown surfaces." The second specimen was lot 1020 in Sedwick Treasure Auction 28 (Winter Park, FL, November 2020), where it sold for $420. The catalog description[2] noted, "Tegucigalpa, State of Honduras (struck in London, England), provisional 2 pesos, 1862T-A, NGC MS 63 BN. Traces of original color and luster on both sides, light high-point flattening and bagmark in field below ESTADO." The desperate finances of the precarious Honduran state forced the issue of ever more debased coin, culminating in a copper-lead peso of 1860 (KM 21a). In an attempt to reform the situation, the regime ordered a series of patterns for a proposed gold peso, two, four and eight pesos. Bullion being unavailable, this coinage did not come to pass and the copper patterns were issued instead. The number minted must have been substantial as they are not rare today.

Recorded mintage: unknown.

Specification: bronze.

Catalog reference: KM-25.

Source:

  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • Byrne, Ray, Coins and Tokens of the Caribees, Decatur, IL: Jess Peters, Inc., 1975.
  • Robinson, Charles, The Coins of Central America, 1733-1965, San Benito, TX: 1965.
  • [1]Ponterio, Richard, Kyle Ponterio, John Kraljevich and Cris Chatigny, The January 2018 NYINC Sale: Ancient Coins, World Coins & Paper Money, featuring the Eldorado Collection of Colombian and Ecuadorian Coins, Santa Ana, CA: Stack's Bowers LLC, 2017.
  • [2]Sedwick, Daniel Frank, Augi Garcia and Cori Sedwick Downing, Treasure Auction 28, featuring the Dr. Peter Jones and John O'Brien collections, Winter Park, FL: Daniel Frank Sedwick LLC, 2020.

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