1849/7-GJ 8 Esc Quito MS(PCGS#764336)

January 2018 NYINC World Coins Auction

拍卖行

Stack's Bowers

批号

11374

等级

AU58

价格

200,976

详细说明

Exceptionally Rare 1849/7 8 Escudos Perhaps Finest Known ECUADOR. 1849/7-GJ 8 Escudos. Quito mint. KM-34.1. AU-58 (PCGS). This rare overdate variety was listed as "reported, not confirmed" in the KM books for many years. One was listed in Maulme (though not specifically listed as an overdate, which all known specimens of this date appear to be) and another was hidden in the Eliasberg Collection from its acquisition in 1945 until its sale in 2005. That coin, graded AU-53 (NGC), sold for $52,900. This one is finer, deeply lustrous and showing thorough cartwheel on both sides. The obverse is satiny, while the reverse shows some reflective character inside the rims. The strike is exceptionally sharp, and the only marks are tiny and widely scattered. The overdate is readily visible under low magnification, and the double cut G in the assayer initials matches this coin to the reverse die of the Eliasberg specimen. Cataloged in the Smith & Daughter sale of September 1996, which featured an exceptional collection of Ecuadorian coins, this piece was noted as being "of the highest rarity and certainly one of the highlights of this sale." The price realized there is one of two data points listed among the valuation section of this coin's listing in KM. The 2005 Eliasberg offering is the other. Estimate: $25,000 - $50,000. Provenance: From the Eldorado Collection of Colombian and Ecuadorian Coins. From Smith & Daughter, Inc.'s sale of Rare and Choice Coins of Ecuador, September 1996, lot 21. PCGS #764336. PCGS Population: 1, none finer. Click here for certification details from PCGS.