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Lot
24450

Guatemala: Central American Republic gold 8 Escudos 1825 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: 7 Internet/mail/phone bidders
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Location: Waldorf Astoria - Norse Suite
301 Park Avenue
New York, NY 10022

Description:
Extremely Rare 1825 NG-M 8 Escudos - First Offering in Over 30 Years
Central American Republic gold 8 Escudos 1825 NG-M, KM8, Fr-26, Onza-1752, AU Details (Scratches) NGC. Sharp strike, with luster still present in the fields, but with a few hairlines and one scratch across the volcanoes responsible for the assigned AU-Details grade. Only three confirmed specimens by the cataloger, this being either the finest or second finest. To the knowledge of the cataloger, this date has only been publicly offered once since 1980 (Freeman Craig 3/1981, lot 485). That coin was a VF-XF example, and the its description read: At the Miami 1974 ANA, Lloyd Engeran was offering an EF-AU for about $ 25000... he advertised that coin in World Coin News sometime later that year. In all probability, that mentioned EF-AU coin was the present I. Rudman specimen, with Engeran consigning it to Kagin's for their 1977 ANA auction after failing to sell it ($25,000 was a hefty sum forty years ago). In any case, the present specimen, the Freeman Craig specimen and another housed in a preeminent California collection are the only examples the cataloger has confirmed. A unique opportunity to acquire one of the rarest of all Latin American Republican Onzas, in the same category as the famed Argentina sunface 1829 8 Escudos.

From The Isaac Rudman Collection of Guatemala Coins

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