Honduras 1883 5 pesos

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Eliasberg lot 3068
Honduras 1883 5 pesos rev Eliasberg 3068.jpg
This specimen was lot 3068 in the Eliasberg sale, where it sold for $10,925. The catalog description[1] noted,
"1883 5 pesos. MS-64 (NGC). Head of Liberty to left, caduceus and scepter to each side, legends around/ central arms with legends and date around. Frosty yellow gold with exceptional eye appeal and vivid luster. Very faint abrasion in lower left obverse field, otherwise a gem. A great rarity in this grade and difficult to find in any condition. This date is thought to have been struck about 1888. A superb type coin in this challenging series. From J.C. Morgenthau and Co. (Wayte Raymond)'s sale of the Waldo C. Newcomer collection, February 1935, Lot 361 (plated, 'Mint State. Rare.' $105); John H. Clapp Collection; Clapp estate to Louis E. Eliasberg, Sr., 1942."
This type was issued irregularly 1883-1913 but never in large quantities. Honduras is one of the poorest countries in the western hemisphere and it is unlikely the government ever had access to much bullion.

Recorded mintage: unknown.

Specification: 8.06 g, .900 fine gold, .233 troy oz AGW; this specimen: 5.84 grams, 22.20 mm diameter.

Catalog reference: KM 53, Fr-6.

Source:

  • [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.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.

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