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Lot
30226

Peru: Carlos II gold Cob 4 Escudos 1700 L-H,...

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

 
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Auction Ended On: Jan 14, 2014
Item Activity: 11 Internet/mail/phone bidders
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Location: Heritage Auctions
445 Park Avenue, 15th Floor
New York, NY 10022
Description:
1700 Carlos II Cob 4 Escudos

Easily the Finest Known
Carlos II gold Cob 4 Escudos 1700 L-H, KM25, MS65 NGC. Due to its long-standing association with "treasure," numismatists have long been attracted to cob coinage. Most broad-based collectors find it worthwhile to add at least one representative to their collections. For most, this means picking up one of the many silver denominations; for the more financially secure, it often means the acquisition an 8 Escudo type from a shipwreck salvage, like the 1715 Plate Fleet. While these shipwrecks have given supply to the collectors who desire to connect with this era of Spanish Colonial coinage, their hauls have, for the most part, been absent of the 4 Escudos type. As such, any issue of the 4 Escudos denomination, especially during Carlos II's reign, is rare, and any offering is met with great enthusiasm. The present 4 Escudos however stands at a great distance from the others - it is very likely the single finest example extant from the reign of Carlos II. The surfaces are nothing short of immaculate with mint-fresh luster throughout, and no handling is apparent even upon close inspection. The strike, often severely misplaced on the flan, is almost perfectly centered with both sides showing near complete border beading. Only slight strike doubling exists. All said, this is undoubtedly one of the finest jewels in a collection of wonderful treasures. For the collector that demands the finest, this is certainly an opportunity that shouldn't be overlooked. Krause catalog price(s) for this item: $12000 in VF, $15000 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 Some Krause prices may be outdated and/or inaccurate due to fluctuating markets, newly discovered hoards, data entry errors (whether on Krause's part or ours) or other factors.

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