Stack's Bowers & Ponterio
August 2016 ANA Auction - Sess. A-C 10-12 August 2016
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COLOMBIA. 8 Reales, 1760-NRJV. Charles III (1759-88). PCGS Genuine--Damage, VF Details Secure Holder.
KM-39 (for type, unknown date); FC-unknown; Cal-Type-108 (unknown date); cf.Gil-SF-8-2 (unknown date); Restrepo-Type-44 (unknown date). With a single additional example known as an overdate; 1760/59. The fact that pillar dollars were minted at the Nuevo Reino Mint (Bogota) in 1760 has been known through numismatic literature for quite some time. Page 50 of A. M. Barriga Villalba's reference "Historia de las Casa de Moneda" states that in 1760, 2,008 Marcos, 6 Onzas, and 0 Ochavas of silver were minted in the form of Pesos (8 Reales), 1 Reales, Medio (1/2 Reales) and Cuartillas (1/4 Reales). However, it is unknown how this is broken down for each of the corresponding denominations. The existence of minor coinage dated 1760 has been known to the numismatic community for quite some time. Approximately a dozen examples of 1760 1 Reales are known, while the 1/2 Real remains unique. The 1/4 Reales it is a different matter, as the Colombian dies for the Cuartillas denomination did not contain a date at this time. Furthermore, Cuartillas were struck each consecutive year from 1759-1771 (with the exception of possibly 1770); therefore, assigning a specific date to them is not possible. Previous to the discovery of this coin, only three dates were known of Pillar 8 Reales produced by the Nuevo Reino Mint (1759, 1762 and 1770). It is estimated that approximately 15 examples of the 1759 8 Reales are known today (See Restrepo pg.113), although this number may be as high as 20. Of the 1762 8 Reales, only two examples can be confirmed, one of which(Restrepo and Barriga Villalba plate coin) is housed in the Museum of the Casa de Moneda Bogota. The second example (Ex: Don Domingo de Irigoyen, Ex: Don Canaparo and Gilboy plate coin) was sold by Numismatica Ars Classica in March of 2002, Auction #22, lot #334 where it hammered for 260,000 Swiss Francs. There are rumors that a third example may exist, however this remains unconfirmed. In regards to the 1770 8 Reales, there are approximately 12 to 14 pieces known(Restrepo pg.120), all of which were found in the corner stone of a Church in Bogota in 2006. Prior to this discovery, 8 Reales dated 1770 were unknown to numismatists, even though there is a known mintage of 289 Marcos, 6 Onzas, and 0 Ochavas (see Barriga Villalba pg. 50). Unlike the Spanish Colonial mints located at Mexico City, Potosi, Bolivia and Lima, Peru, the mint of Nuevo Reino was not known for large outputs of silver coinage. All Colombian silver from this period was minted in small quantities and should be considered RARE. The piece exhibits smooth obverse surfaces and even medium gray coloration with a decent strike and well defined legends and devices. The reverse is damaged, with a circular pattern midway between the center of the coin and edge. Historically significant, and an exotic and highly desirable piece that will add a new dimension to the collection it enters. PCGS Genuine--Damage, VF Details Secure Holder.
Estimate: $3000.00- $5000.00
KM-39 (for type, unknown date); FC-unknown; Cal-Type-108 (unknown date); cf.Gil-SF-8-2 (unknown date); Restrepo-Type-44 (unknown date). With a single additional example known as an overdate; 1760/59. The fact that pillar dollars were minted at the Nuevo Reino Mint (Bogota) in 1760 has been known through numismatic literature for quite some time. Page 50 of A. M. Barriga Villalba's reference "Historia de las Casa de Moneda" states that in 1760, 2,008 Marcos, 6 Onzas, and 0 Ochavas of silver were minted in the form of Pesos (8 Reales), 1 Reales, Medio (1/2 Reales) and Cuartillas (1/4 Reales). However, it is unknown how this is broken down for each of the corresponding denominations. The existence of minor coinage dated 1760 has been known to the numismatic community for quite some time. Approximately a dozen examples of 1760 1 Reales are known, while the 1/2 Real remains unique. The 1/4 Reales it is a different matter, as the Colombian dies for the Cuartillas denomination did not contain a date at this time. Furthermore, Cuartillas were struck each consecutive year from 1759-1771 (with the exception of possibly 1770); therefore, assigning a specific date to them is not possible. Previous to the discovery of this coin, only three dates were known of Pillar 8 Reales produced by the Nuevo Reino Mint (1759, 1762 and 1770). It is estimated that approximately 15 examples of the 1759 8 Reales are known today (See Restrepo pg.113), although this number may be as high as 20. Of the 1762 8 Reales, only two examples can be confirmed, one of which(Restrepo and Barriga Villalba plate coin) is housed in the Museum of the Casa de Moneda Bogota. The second example (Ex: Don Domingo de Irigoyen, Ex: Don Canaparo and Gilboy plate coin) was sold by Numismatica Ars Classica in March of 2002, Auction #22, lot #334 where it hammered for 260,000 Swiss Francs. There are rumors that a third example may exist, however this remains unconfirmed. In regards to the 1770 8 Reales, there are approximately 12 to 14 pieces known(Restrepo pg.120), all of which were found in the corner stone of a Church in Bogota in 2006. Prior to this discovery, 8 Reales dated 1770 were unknown to numismatists, even though there is a known mintage of 289 Marcos, 6 Onzas, and 0 Ochavas (see Barriga Villalba pg. 50). Unlike the Spanish Colonial mints located at Mexico City, Potosi, Bolivia and Lima, Peru, the mint of Nuevo Reino was not known for large outputs of silver coinage. All Colombian silver from this period was minted in small quantities and should be considered RARE. The piece exhibits smooth obverse surfaces and even medium gray coloration with a decent strike and well defined legends and devices. The reverse is damaged, with a circular pattern midway between the center of the coin and edge. Historically significant, and an exotic and highly desirable piece that will add a new dimension to the collection it enters. PCGS Genuine--Damage, VF Details Secure Holder.
Estimate: $3000.00- $5000.00