Venezuela: Republic silver Proof Essai Real 1863-E PR55 NGC,...

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Sold on Aug 8, 2014 for:

$38,187.50 Bid Source: Internet bidder

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An Important Real-Denominated Rarity

Republic silver Proof Essai Real 1863-E PR55 NGC, Paris mint, KM-E4. Plain edge. Obv. Head of Jose Antonio Paez Left, with legend only CIUDADANO ESCLARECIDO, meaning enlightened, or knowledgeable, citizen. Rev. 1 REAL 1863, in three lines within a wreath, with E below. Sharp definition, with moderately abraded surfaces and mottled reddish-gray toning. Although one of the smaller silver Essais of the 1863 type, the 1 Real is one of the rarer issues. We have not seen, or heard of, another example of this type in nearly 40 years.

Paez was an important figure in the War of Independence. He was named General-in-Chief at the Battle of Carabobo, and later became President after the secession of Venezuela from Gran Colombia. He served three terms as President before going into exile in 1863, and he died in New York in 1873.

Metal: Silver

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