Heritage World Coin Auctions
ANA Signature Sale 3041 Sess. 4 13 August 2015
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Chile
Republic "Coquimbo" Peso 1828-TH AU58 NGC, Coquimbo mint, KM88. Choice for the designation, essentially Mint State with very slight cabinet friction on the higher points defining the grade, very lustrous surfaces, fewer surface contact marks than expected for the assigned grade and gorgeous old cabinet toning. A superb and most attractive example of this iconic issue, arguably the most desirable silver crown on the entire Latin American Republican series. As explained in Carlos Jara's 2002 work ("Chile's Coquimbo mint: a documented story"), three different issues of the 1 Peso denomination were issued by the Coquimbo mint, all dated 1828 and showing the "T. H." initials of assayer / engraver Theodor Hagen. Only two of those types are currently known, a cruder type such as the example housed in the collection of the Banco Central de Chile, and a much finer one, such as the present coin. The latter variety is traditionally considered the more valuable one and also corresponds to the example currently housed in the British Museum, and pedigreed up to the 1850's. The offering of the present choice and well-pedigreed piece allows the cataloguer for a thorough review of past published specimens in order to review the number of extant and available specimens of this iconic issue to the collector community. These are listed below:1) The British Museum specimen, accessioned through the Bank of England in 1856. UNC.2) José Toribio Medina: "Las Monedas Chilenas", pp.CLXX, pieza No 73. No specimen is plated (only a line drawing), but he mentions 3 specimens: the Oscar Salbach piece (type 3), a coin sold in Valparaíso (Gonzalez specimen, type 3, see reference below), and "a piece in the possession of a distinguished lady from La Serena".3) Rafael Gonzalez specimen. Plated in p. 28 of his work "Colección Completa de Monedas de Chile" (Valparaiso, 1908). Same coin mentioned in Medina as "from Valparaíso" (see entry 2 of this list. Same coin as lot 20493 in Heritage 9/2009 sale and same as lot 23841 in Heritage 9/2011 sale. Now certified as XF45 NGC.4) Rafael Gonzalez specimen. Plated in p. 28 of his work "Colección Completa de Monedas de Chile" (Valparaiso, 1908). Same coin mentioned in Medina as "from Valparaíso" (see entry 2 of this list. Same coin as lot 20493 in Heritage 9/2009 sale and same as lot 23841 in Heritage 9/2011 sale. Now certified as XF45 NGC.5) Ulex collection specimen: lot. 3731 (no illustration) in Adolph Hess 5/1908 sale. The description says VF and this is probably the Peltzer specimen (same grade in catalog description, see below). AU-UNC.6) Specimen plated as No. 8 on page 41 in Wayte Raymond, "The Silver Dollars of North and South America". Sold as lot 1787 in Superior 8/1975 ANA sale, and later as lot 1334 in CNG 8/2014 sale (Lissner collection). Choice UNC.7) The Newcomer collection specimen: lot 606 in J.C. Morgenthau & Co. 2/1935. Same coin as next entry. Later lot 432 in Hans Schulman/New Netherlands 4/1951, later lot 1004 in Goldbergs 5/2008 sale (Millenia collection). Choice UNC.8) Peltzer collection specimen: lot 1012 in Glendining's 6/1927 sale. Probably the Ulex piece. Same as Guttag collection specimen: # 1003ª in his catalog. Later sold by Abe Kossoff (ANA sale 8/1942, lot 961. AU-UNC.9) Honorio Aguirre specimen: lot 754 in Adolph Hess HG 10/1961 sale. Later lot 849 in Renaissance Auctions 12/2000 auction, and lot 441 in Leu Numismatik 10/2003. AU-UNC. The present coin.10) Private collection in USA : lot 1880 in Heritage 8/1990 sale, later lot 2326 in SBC 9/1991 sale. Small but distinctive obverse scatches, reverse rim off–center to left. AU-UNC.11) Vargas collection specimen (Valparaiso, Chile). Handled by Carlos Jara. Sold as lot 20305 in Stacks Bowers 9/2011 sale. AU50 NGC.12) Enrique Aguayo V. specimen. Ex Rony Almeida. Sold as lot 738 in Renaissance Auctions 12/2000 sale and later lot 9247 in Ponterio 8/2009 sale. Damaged XF.13) Banco de Chile specimen. Gem UNC. Probably the finest extant.If the Ulex and Peltzer pieces are not the same coin, the total of confirmed examples of the "fine" Coquimbo 1828 Pesos would be of 14 pieces instead of 13. The previous census allows for the following conclusion: the present coin emerges as the third finest available to collectors, behind the Lissner (No. 6 in our census) and Millenia (No. 7 in our census) specimens, which sold respectively for $90,000 and $120,000 in their most recent sales. The present, handsomely presented piece boasts a pedigree of many celebrities in the Latin American numismatic field (ex- Canaparo, F. Craig, Karon). It will surely become a wonderful addition to any Latin American or World crown collection.
Estimate: 50000-70000 USD
Republic "Coquimbo" Peso 1828-TH AU58 NGC, Coquimbo mint, KM88. Choice for the designation, essentially Mint State with very slight cabinet friction on the higher points defining the grade, very lustrous surfaces, fewer surface contact marks than expected for the assigned grade and gorgeous old cabinet toning. A superb and most attractive example of this iconic issue, arguably the most desirable silver crown on the entire Latin American Republican series. As explained in Carlos Jara's 2002 work ("Chile's Coquimbo mint: a documented story"), three different issues of the 1 Peso denomination were issued by the Coquimbo mint, all dated 1828 and showing the "T. H." initials of assayer / engraver Theodor Hagen. Only two of those types are currently known, a cruder type such as the example housed in the collection of the Banco Central de Chile, and a much finer one, such as the present coin. The latter variety is traditionally considered the more valuable one and also corresponds to the example currently housed in the British Museum, and pedigreed up to the 1850's. The offering of the present choice and well-pedigreed piece allows the cataloguer for a thorough review of past published specimens in order to review the number of extant and available specimens of this iconic issue to the collector community. These are listed below:1) The British Museum specimen, accessioned through the Bank of England in 1856. UNC.2) José Toribio Medina: "Las Monedas Chilenas", pp.CLXX, pieza No 73. No specimen is plated (only a line drawing), but he mentions 3 specimens: the Oscar Salbach piece (type 3), a coin sold in Valparaíso (Gonzalez specimen, type 3, see reference below), and "a piece in the possession of a distinguished lady from La Serena".3) Rafael Gonzalez specimen. Plated in p. 28 of his work "Colección Completa de Monedas de Chile" (Valparaiso, 1908). Same coin mentioned in Medina as "from Valparaíso" (see entry 2 of this list. Same coin as lot 20493 in Heritage 9/2009 sale and same as lot 23841 in Heritage 9/2011 sale. Now certified as XF45 NGC.4) Rafael Gonzalez specimen. Plated in p. 28 of his work "Colección Completa de Monedas de Chile" (Valparaiso, 1908). Same coin mentioned in Medina as "from Valparaíso" (see entry 2 of this list. Same coin as lot 20493 in Heritage 9/2009 sale and same as lot 23841 in Heritage 9/2011 sale. Now certified as XF45 NGC.5) Ulex collection specimen: lot. 3731 (no illustration) in Adolph Hess 5/1908 sale. The description says VF and this is probably the Peltzer specimen (same grade in catalog description, see below). AU-UNC.6) Specimen plated as No. 8 on page 41 in Wayte Raymond, "The Silver Dollars of North and South America". Sold as lot 1787 in Superior 8/1975 ANA sale, and later as lot 1334 in CNG 8/2014 sale (Lissner collection). Choice UNC.7) The Newcomer collection specimen: lot 606 in J.C. Morgenthau & Co. 2/1935. Same coin as next entry. Later lot 432 in Hans Schulman/New Netherlands 4/1951, later lot 1004 in Goldbergs 5/2008 sale (Millenia collection). Choice UNC.8) Peltzer collection specimen: lot 1012 in Glendining's 6/1927 sale. Probably the Ulex piece. Same as Guttag collection specimen: # 1003ª in his catalog. Later sold by Abe Kossoff (ANA sale 8/1942, lot 961. AU-UNC.9) Honorio Aguirre specimen: lot 754 in Adolph Hess HG 10/1961 sale. Later lot 849 in Renaissance Auctions 12/2000 auction, and lot 441 in Leu Numismatik 10/2003. AU-UNC. The present coin.10) Private collection in USA : lot 1880 in Heritage 8/1990 sale, later lot 2326 in SBC 9/1991 sale. Small but distinctive obverse scatches, reverse rim off–center to left. AU-UNC.11) Vargas collection specimen (Valparaiso, Chile). Handled by Carlos Jara. Sold as lot 20305 in Stacks Bowers 9/2011 sale. AU50 NGC.12) Enrique Aguayo V. specimen. Ex Rony Almeida. Sold as lot 738 in Renaissance Auctions 12/2000 sale and later lot 9247 in Ponterio 8/2009 sale. Damaged XF.13) Banco de Chile specimen. Gem UNC. Probably the finest extant.If the Ulex and Peltzer pieces are not the same coin, the total of confirmed examples of the "fine" Coquimbo 1828 Pesos would be of 14 pieces instead of 13. The previous census allows for the following conclusion: the present coin emerges as the third finest available to collectors, behind the Lissner (No. 6 in our census) and Millenia (No. 7 in our census) specimens, which sold respectively for $90,000 and $120,000 in their most recent sales. The present, handsomely presented piece boasts a pedigree of many celebrities in the Latin American numismatic field (ex- Canaparo, F. Craig, Karon). It will surely become a wonderful addition to any Latin American or World crown collection.
Estimate: 50000-70000 USD