Stack's Bowers & Ponterio
January 2018 NYINC Auction 11-13 Jan 2018
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COLOMBIA. (1632-42)-A 2 Reales. Santa Fe de Nuevo Reino (Bogotá) mint. Philip IV (1621-1665). Restrepo M28.15. VG-10 (PCGS).
6.71 grams. Pleasing medium gray with multicolored undertones highlighted by bright blue in recesses. A notable planchet split adds charm without seriously affecting any design elements. The assayer A is worn but visible left of the shield, while the denomination II is visible to the right. Just the bottommost tip of the final date digit is visible, suggesting either a 3 or 5. Given the time that Alonso de Anuncibay was assayer, it seems likely this coin was struck in either 1633 or 1635. Some light scrapes are seen on the cross side, invisible except under magnification.
Considering the even wear seen on this coin, contrasted with the exceptionally fine state of preservation on the preceding lot, it becomes clear that the Hubbard "hoard" published by Nesmith was not a hoard in the typical sense: a deposit of coins hidden away at the same time and then found in more modern times. Rather, the group seems to have been accumulated together prior to its discovery by Hubbard in Medellín in the mid 1950s. The latest dated coin in the group was struck in 1662, and it seems unlikely that a hoard lost sometime around 1662 would include high grade coins from the 1620s intermingled with well worn coins from the 1630s and 1640s.
From the Eldorado Collection of Colombian and Ecuadorian Coins.
6.71 grams. Pleasing medium gray with multicolored undertones highlighted by bright blue in recesses. A notable planchet split adds charm without seriously affecting any design elements. The assayer A is worn but visible left of the shield, while the denomination II is visible to the right. Just the bottommost tip of the final date digit is visible, suggesting either a 3 or 5. Given the time that Alonso de Anuncibay was assayer, it seems likely this coin was struck in either 1633 or 1635. Some light scrapes are seen on the cross side, invisible except under magnification.
Considering the even wear seen on this coin, contrasted with the exceptionally fine state of preservation on the preceding lot, it becomes clear that the Hubbard "hoard" published by Nesmith was not a hoard in the typical sense: a deposit of coins hidden away at the same time and then found in more modern times. Rather, the group seems to have been accumulated together prior to its discovery by Hubbard in Medellín in the mid 1950s. The latest dated coin in the group was struck in 1662, and it seems unlikely that a hoard lost sometime around 1662 would include high grade coins from the 1620s intermingled with well worn coins from the 1630s and 1640s.
From the Eldorado Collection of Colombian and Ecuadorian Coins.
From a hoard discovered by Clyde Hubbard in Medellín in the 1950s and subsequently published by Robert I. Nesmith. Plated in Nesmith's "A Hoard of the First Silver Coins of Nuevo Reino de Granada (Colombia)," 1958, coin #3e, illustrated on plate XXIX and in a line drawing on p. 518.
Estimate: $350.00- $700.00