Heritage World Coin Auctions
NYINC Signature Sale 3061 7-8 Jan 2018
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Peru
Republic gold 20 Soles 1869/3 LIMA-YB AU58 PCGS Lima mint, type of KM194 & Fr-70, but the only date listed for this type, in KM and Freidberg is 1863. Obv. Liberty seated forward, looking left. Rev. Small wreath above Peruvian arms, with flags on both sides and date 1869/3 below. The only reference noting this incredible issue is, "La. Amonedacion En Oro De Las Cecas De Lima, Cuzco Y Potosi" by Pedro E. de la Puente Jeri, published in 1994 by the Sociedad Numismatica del Peru. In this book this issue is listed as an error, but with the benefit of a powerful magnifying glass, it is obvious that this piece is an 1869 over a 3 overdate, not an error. This is a truly amazing coin. It should not exist, but it obviously does exist, struck from the same die as the 1863 20 Soles, with slight adjustment in the last digit of the date in the die to make the 3 into a 9, with the 3 remaining readily visible beneath the 9. The 8 Escudos of the Seated Liberty type was struck in 1862-63, with the 20 Soles type also struck in 1863. No other dates of this type 20 Soles were previously known to exist until the discovery of this Unique example. There appears to be no explanation for why this piece was struck, six years after the 1863 date, and why a 9 was placed over the 3 of the original die, resulting in the 69/3 overdate. It seldom happens that a fantastic, enigmatic, unseen date appears, especially for a major type of large gold coin. This example is fully lustrous, with minor obverse flan flaws, light marks consistent with the stated grade, and slightly soft strike in the central areas. A rare opportunity to acquire what may be a one-of-a-kind major rarity.
HID02901242017
Estimate: 25000-30000 USD
Republic gold 20 Soles 1869/3 LIMA-YB AU58 PCGS Lima mint, type of KM194 & Fr-70, but the only date listed for this type, in KM and Freidberg is 1863. Obv. Liberty seated forward, looking left. Rev. Small wreath above Peruvian arms, with flags on both sides and date 1869/3 below. The only reference noting this incredible issue is, "La. Amonedacion En Oro De Las Cecas De Lima, Cuzco Y Potosi" by Pedro E. de la Puente Jeri, published in 1994 by the Sociedad Numismatica del Peru. In this book this issue is listed as an error, but with the benefit of a powerful magnifying glass, it is obvious that this piece is an 1869 over a 3 overdate, not an error. This is a truly amazing coin. It should not exist, but it obviously does exist, struck from the same die as the 1863 20 Soles, with slight adjustment in the last digit of the date in the die to make the 3 into a 9, with the 3 remaining readily visible beneath the 9. The 8 Escudos of the Seated Liberty type was struck in 1862-63, with the 20 Soles type also struck in 1863. No other dates of this type 20 Soles were previously known to exist until the discovery of this Unique example. There appears to be no explanation for why this piece was struck, six years after the 1863 date, and why a 9 was placed over the 3 of the original die, resulting in the 69/3 overdate. It seldom happens that a fantastic, enigmatic, unseen date appears, especially for a major type of large gold coin. This example is fully lustrous, with minor obverse flan flaws, light marks consistent with the stated grade, and slightly soft strike in the central areas. A rare opportunity to acquire what may be a one-of-a-kind major rarity.
HID02901242017
Estimate: 25000-30000 USD