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Lot 52215 |
Mexico: Felipe V Pillar 8 Reales 1732Mo-F,...
2008 May Long Beach Signature World Coin Auction #3000
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Bid Information
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The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
BP - Buyer's Premium
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| Sold for: |
$86,250.00
(includes BP  ) Bid Source: Live: Phone |
| Auction Ended On: | May 30, 2008 |
| Item Activity: |
2 Internet/mail/phone bidders
10,935 page views |
Description:
A Great "Pillar" 8 Reales Rarity
Felipe V Pillar 8 Reales 1732Mo-F, KM103, Cayon 9349, Calico 692, Choice AU. 1732 was a very important year in history and in numismatics for Spanish colonial America. Felipe V, the first king of the Spanish-Bourbon dynasty (which still reigns today), was actually twice in power. The first period was from 1700 to 1724, when he abdicated in favor of his oldest son Louis I. His untimely death in 1724 brought Felipe back to the Spanish throne, where he remained until his death in 1746. It was in 1732, during Felipe V second reign, that the gold coinage of Mexico was changed from the cob to the portrait or bust type. Silver coinage also changed from the cob to the pillar or columnar type. On March 29, 1732, the striking of circular coins authorized by the royal decree of 1728, began at the Mexico City Mint and the first "Pillar" was struck. On the obverse, the design included the crowned pillar of Hercules and between them two globes surmounted by a crown, resting above a wavy ocean which points to the separation of the two worlds. Around the edges "Utraque Unum" (Both are One). On the reverse are the crowned coat of arms of Castile and Leon with the Bourbon shield superimposed. The legend reads Philip.V.D.G.Hispan.Et.Ind.Rex, the value "8" as well as the Assayer's initial "F", are both located between rosettes. Striking of the Pillar 8 Reales was later extended to several Spanish colonies and circulated widely throughout the Americas being legal tender in the United States during several decades of the 18th century. The Pillar 8 Reales remains one of the most popular and beloved coins amongst collectors today. The specimen presented here is one of the greatest and rarest Pillar 8 Reales that exists. In near Mint State condition, this coin has beautiful and colorful toning with streaks of blue emanating from the pillar and over the date, and it will undoubtedly become a showcase piece for the most advanced collection.From the Besalú Collection. Estimate: $75,000 - $85,000.
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