Announcement: Sunday & Tuesday Internet Coin Auctions and Weekly World and Ancient Coin Auctions move to Heritage Live!

Our Weekly Internet Coin Auctions and World and Ancient Coin Auctions are closing with live, online auctions on HA.com's Heritage Live! platform beginning with the Internet Coin Auction that ends Sunday, September 21st and the World and Ancient Coin Auction that ends on Thursday, September 25th. Each lot is offered one at a time, in lot number order, in live auctions beginning at 8:00 PM CT. During this part of the auction, live bidders will be on Heritage Live! competing with each other and with previously placed Internet bids. The lot opens, requests live bids, and then closes when the bidding is finished. There is no change in how you place your secret maximum bids during the week the auctions are open on HA.com. In addition, once bidding on HA.com ends, 2 hours before the live sessions start, you still have the option to leave proxy bids through Heritage Live!

For more information about Heritage Live!, please visit HA.com/live. If you have any questions about this exciting format change, please contact us at 800-872-6467 or Bid@HA.com.

X
There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid
:
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
30157

Guatemala: Ferdinand VI gold Escudo 1751/0 G-J,...

2014 January 14 - 16 Selections From the Eric P. Newman Collection Part III Signature Auction - New York #3029

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Jan 14, 2014
Item Activity: 12 Internet/mail/phone bidders
726 page views
Location: Heritage Auctions
445 Park Avenue, 15th Floor
New York, NY 10022
Description:
1751 Ferdinand VI Escudo

Early Guatemalan Portrait Coin
Ferdinand VI gold Escudo 1751/0 G-J,

KM-A6, Fr-3, Calico-194, AU53 NGC. A coin of incredible significance to collectors of Spanish Colonial coinage, as it is among the earliest portrait-type Escudos from Guatemala and is only significantly pre-dated by several Felipe V 8 Escudos and a single Philip V 1 Escudo that are all of great rarity. Engraved locally in Guatemala with a crude bust of Ferdinand VI similar to the one used in his proclamation medals dated 1747. The reverse, more refined in its depiction, holds the crowned arms of Spain with the "J" initial of assayer Jose de Leon y Sosa (not to be confused with his uncle and Director of the Mint Jose Eustaquio de Leon) between rosettes at left with the "I" numeral between rosettes at right. While traditionally considered a hammered issue, we believe the present piece was among the first milled gold coins produced in Guatemala. The trail of evidence to support this claim begins in 1739 with correspondence between the Guatemala Mint and the king requesting instruction on how to strike "round or spherical" money. The 2011 sale of a round milled-edge Pillar 2 Reales dated 1742 confirms that by then, Eustaquio de Leon had either made or bought a coin press, and was able to strike milled-edge trials. Later evidence of such capability includes the aforementioned proclamation medals of 1747 which are uniformly accomplished with a better strike and rounder flans than their hammered counterparts - all with ornamental edges similar to the later Pillar type.

Furthermore it is undeniable that Eustaquio de Leon had ensured, since the mint's first issues in 1733, to issue gold coins that were in the closest possible accordance with the Seville 1728 Royal Ordinance (establishing the milled coinage for the Spanish American mints): indeed, all the early Guatemala gold coins are hand struck but nevertheless still have round planchets with an edge design. It is therefore natural to assume that he may have used the new technical capabilities of his mint in improving his gold coinage: as opposed to the silver issues issued on comparatively large numbers, the gold issues had always been very limited due to the meager gold bullion amounts that entered the mint. Their small issued mintages would, therefore, not stretch the new machinery beyond its stress capabilities.

Despite obviously extensive research, Carlos Jara's recent reference work (2010) on the Guatemala Mint lists a single example of this issue (see pages 91-93): that piece sold in an April 2009 Aureo & Calico auction, and is the Ex: Peltzer-Newcomer specimen, also used as the Calico plate coin.  That example was, much like the present specimen, off-centered; it was struck from the same pair of dies, as one would expect from the small mintage of 279 pieces. That piece had been used in jewelry at one time, and a repaired hole above the bust left the surfaces unnatural, but nevertheless, it hammered at 14,000 Euros. Given the present specimen's vast superiority, it's difficult to even speculate on a value, but one thing is clear - it's a very special coin. A unique opportunity to obtain what is certainly the finest of Guatemala's first milled Escudos.

Ex: "Colonel" E.H.R. Green; Green Estate' Partnership of Eric P Newman / B.G. Johnson.

View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image





FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
884,565
bidder-members
$1,007,055,282
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Consign to the 2015 January 4 - 5 NYINC World Coins & Ancient Coins Signature Auction - Waldorf NYINC.
Learn About Consigning With Us
Thank you so much for all your guidance and assistance throughout the auction process.
James M. Sigler
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
REALIZED $13,398,253
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
REALIZED SO FAR $9,117,835
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
REALIZED $1,847,114