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Lot
21307

Guatemala: Ferdinand VI gold 8 Escudos 1754G-J,...

2009 May Long Beach, CA Signature World & Ancient Coin Auction #3005

 
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Auction Ended On: May 29, 2009
Item Activity: 6 Internet/mail/phone bidders
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Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
An Extremely Rare 8 Escudos of Ferdinand VI
Ferdinand VI gold 8 Escudos 1754G-J, KM7, Calico 551, XF45 NGC. Possibly the finest known of this very rare issue. This coin is at least a grade higher than the Norweb piece that sold in 1985. And, although it is graded the same as the Eliasberg piece (which realized $46,000 in April 2005) it undoubtedly has better eye appeal with exceptional coppery-gold toning. There is a tiny bit of lamination to the left of the bust.

The Guatemalan 8 Escudos were first machine-struck in 1754 during Ferdinand VI's 13-year reign. The machine striking added a rim to the coins that had previously been minted with crude edges--also known as cobs. 1754 was also the first year where the actual bust of Ferdinand VI was used, as opposed to that of Felipe V. As Calico states in his book La Onza that there are very few specimens known, and Krause simply calls it "Rare".

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