Watch List notes:

Contemporary counterfeit (made to look like a Mexico City, Mexico, bust 8 escudos, Ferdinand VII but with bust of Charles IV, 1819JJ) struck over a Bogota, Colombia, 16 pesos, 1849RS. 26.41 grams. Fascinating coin struck from what at first appear to be official dies but the details don't match (wrong bust for the date and mint), and closer inspection reveals elements of the later-date under-coin, particularly on the edge (reeded) and reverse, where the under-coin's 1849 date is visible at the bottom. Clearly circulated (XF with weak bust) and almost certainly created to cater to locals in Colombia who were giving preference to higher-fineness colonial gold coins over then-current Republican-mint products that were plagued with debasement. Pedigreed to our Auction #14, lot #210.

Estimate: $1250