Ecuador: Republic gold 8 Escudos 1856 QUITO-GJ AU55 NGC,...

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Sold on Aug 18, 2023 for:

$7,800.00 Bid Source: Internet bidder

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Description

Republic gold 8 Escudos 1856 QUITO-GJ AU55 NGC, Quito mint, KM34.2, Fr-8, Onza-1776. A one-year type of considerable rarity and historical importance since it is the last Onza struck by Ecuador before the country adopted the French Decimal standard by law of December 5, 1856. Only 6,850 pieces were struck and many were subsequently melted since the aforementioned law stipulated that coins struck to the previous Spanish colonial standard (such as the present issue) would not be considered legal tender after October 15, 1866. An unlikely survivor and one that always generates substantial enthusiasm, brought to market by our firm only once every few years, with many succumbing to the usual conditional issues and imperfections that plague this rather crude series. Marigold accents decorate the recesses, framing the characteristically weak portrait of Bolivar. Tying the Eliasberg specimen in technical fineness, we can only imagine where interest may lie when crossing the auction block.

Metal: Gold

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