Heritage World Coin Auctions
ANA Signature Sale 3056 3 Aug 2017
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Uruguay
Republic "Montevideo Siege" Peso 1844 MS64 PCGS, Montevideo mint, KM5. Coin Alignment. An iconic single-year issue of only 1,500 pieces, coined during the siege of Montevideo by General Oribe (Oribe was under command by Argentine dictator Rosas) which lasted from 1842 until 1851. Despite many examples showing imperfections due to the mint's limited technical capabilities, they were often held as keepsakes, in remembrance of the melted down silver spared by the local families and churches that was used to make them. While this attachment resulted in most of the survivors being in higher grade (usually XF and up), few can compare to the piece offered here. Free of the aforementioned planchet issues, this example exhibits a full strike with no planchet inclusions or other defects of production. Carefully preserved, deep tone with delicate iridescent quality has settled over much of the surfaces, with a few window of brilliance that expose the underlying luster. Presently the single finest example of the date graded by PCGS, with only one finer graded a NGC, that being the ex. Lissner coin that was graded MS67 and sold in 2014 for $25,000 hammer. A wonderful offering for the connoisseur of Latin American crowns or siege coinage of the world.
HID02901242017
Estimate: 5000-7000 USD
Republic "Montevideo Siege" Peso 1844 MS64 PCGS, Montevideo mint, KM5. Coin Alignment. An iconic single-year issue of only 1,500 pieces, coined during the siege of Montevideo by General Oribe (Oribe was under command by Argentine dictator Rosas) which lasted from 1842 until 1851. Despite many examples showing imperfections due to the mint's limited technical capabilities, they were often held as keepsakes, in remembrance of the melted down silver spared by the local families and churches that was used to make them. While this attachment resulted in most of the survivors being in higher grade (usually XF and up), few can compare to the piece offered here. Free of the aforementioned planchet issues, this example exhibits a full strike with no planchet inclusions or other defects of production. Carefully preserved, deep tone with delicate iridescent quality has settled over much of the surfaces, with a few window of brilliance that expose the underlying luster. Presently the single finest example of the date graded by PCGS, with only one finer graded a NGC, that being the ex. Lissner coin that was graded MS67 and sold in 2014 for $25,000 hammer. A wonderful offering for the connoisseur of Latin American crowns or siege coinage of the world.
HID02901242017
Estimate: 5000-7000 USD