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Lot
25299

Mexico: Ferdinand VII gold 8 Escudos 1813-MR Guadalajara,...

2011 September Long Beach Signature World & Ancient Coins Auction #3015

 
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Auction Ended On: Sep 9, 2011
Item Activity: 9 Internet/mail/phone bidders
2,207 page views
Location:

Long Beach Convention Center
300 E. Ocean Blvd.
Long Beach, CA 90802

 

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Description:
Ferdinand VII gold 8 Escudos 1813-MR Guadalajara, KM162, Calico 1202, AU55 NGC, lightly toned with superb details and immediate eye appeal. The lower portion of the date is slightly off the flan, but the remaining design features are exceptional. Son of Charles IV, Ferdinand ascended to power in 1808 during the Napoleonic occupations. Two years earlier, after the passing of his first wife Marie Antoniette of Naples, Ferdinand VII wrote a letter to Napoleon asking for one of his nieces in marriage. The letter was discovered and infuriated his father, King Charles IV, who had his son arrested. The invasion by Napoleon of the Iberian Peninsula created such a popular fury that Charles was compelled to abdicate in favor of his jailed son Ferdinand. During the five years that followed, and after rounds of negotiations and threats, Ferdinand signed the kingdom over to Napoleon. In 1814, Ferdinand returned to Madrid to finish a disastrous reign when Spain lost most of its American colonies. At the time of his ascension to the throne, there was only one mint in Spanish America, that of Mexico City, but with the start of the revolutionary movements of 1810, several provisional mints were established, including one in Nueva Galicia's capital city of Guadalajara. Opened in 1811, this mint seldom struck gold coins and as a result all of them are of great numismatic value. The specimen presented here is an extreme Mexican rarity, and with its unusual bust of King Ferdinand VI, will certainly be an outstanding addition to any collection.
Krause catalog price(s) for this item: $15000 in VF, $25000 in EF.

Please note: Many Krause World Coin catalog prices are updated infrequently. Therefore this information is offered to bidders as a time-saving convenience only. Some Krause prices may be outdated and/or inaccurate due to fluctuating markets, newly discovered hoards, data entry errors (whether on Krause's part or ours) or other factors.

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