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Lot
24449

Guatemala: Central American Republic gold 8 Escudos 1824 NG-M,...

2014 January 5 - 6 World & Ancient Coin Signature Auction - New York #3030

 
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Auction Ended On: Jan 6, 2014
Item Activity: 8 Internet/mail/phone bidders
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Location: Waldorf Astoria - Norse Suite
301 Park Avenue
New York, NY 10022

Description:
The Finest Specimen Extant of the Guatemalan 1824 8 Escudos
Central American Republic gold 8 Escudos 1824 NG-M, KM8, Fr-26, Onza-1751, MS65 NGC. Gem Uncirculated, absolutely pristine surfaces, and a choice strike, with beautiful golden toning. The detail level on the Ceiba side is particularly impressive, and on par with the choicest Central American Federation 8 Escudos from the (much commoner) CR mint the cataloguer has seen. In all probability, the finest known of this rare type, of which perhaps twenty specimens are known in all grades. The other choice specimen of this NG 1824 8 Escudos seen by the cataloger is the Millenia (Goldbergs 5/2008, lot 1058)/ Ulex (Adolph Hess 5/1908, lot 1995) specimen. That piece graded MS63 prooflike and reportedly sold for $145,000. For the sake of accuracy, other nice specimens encountered in our research were the Farouk coin (Sotheby's 2-3/1954, lot 101 described as brilliant) and the Caballero de las Yndias specimen (Aureo 4/2009, lot 300). The cataloguer cannot imagine a finer example of this type in existence. If you wish to acquire the very finest specimen of this famous rarity, then by all means bid on the present specimen.

Ex. Mortimer Hammel (Stack's 9/1982, lot 834 for $27,000).

From The Isaac Rudman Collection of Guatemala Coins

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