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    Description

    An Impressive Example of the Very Rare First Date of the "Pillar Dollar" Series.

    Philip V 8 Reales 1732 Mo-F MS63 NGC, Mexico City mint, KM103. Choice Mint State with full mint bloom and handsome old patina over appealing surfaces showing only trivial handling evidence, in line with the assigned grade. A wonderful example of the rare and iconic first date in the series, currently the second finest certified at NGC, and certainly among the very finest extant. The slight planchet bulging on the reverse, mentioned for sole accuracy, is not atypical for the issue: vide the Millennia collection specimen - Golberg's 5/2008, lot 1085 - showing a similar one on the obverse. Although a few low grade examples of this famous rarity have surfaced in recent years from shipwreck finds, well preserved specimens remain truly desirable and incredibly elusive. Real Mint State examples such as the present coin are what numismatic dreams are made of. Extremely rare in this choice quality and certain to become a centerpiece in the next owner's holdings, a true wonder coin that will elicit fierce bidding competition and should establish a record price for the type. The cataloguer recalls the aforementioned Millenia specimen certified AU58 NGC and the  Besalu collection example (raw, described as "Choice AU") sold by us a few years ago (Heritage Auctions 5/2008, lot 52215) hammering for $40,000 and $75,000 respectively.
    From the Rudman Collection of Mexican Coins, Part III




    View all of [The Rudman Collection of Mexican Coins, Part III ]

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    Auction Info

    Auction Dates
    August, 2016
    11th Thursday
    Bids + Registered Phone Bidders: 8
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    Due completely to Heritage's thoroughly diligent and professional management and promotion of the collection, the faraday Collection stirred national attention among numismatists and the auction results brought a gross value greater than that last estimated by the experienced collector.
    The Estate of David M. Faraday ,
    San Rafael, CA
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