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COLOMBIA. 1759-JV 8 Reales. Santa Fe de Nuevo Reino (Bogotá) mint. Ferdinand VI (1746-1759). Restrepo 10.1. Gilboy SF-8-1. MS-62 (PCGS).
A stellar example of the first milled coinage struck in Colombia. The surfaces retain good frost and luster, chiefly brilliant with hints of gold and pale blue toning atop the reverse. Both sides are struck with an alignment toward 12:00, with long denticles at the base that frame the periphery from 1:00 to 9:00 on the obverse and 2:00 to 10:00 on the reverse. Trivial hairlines are visible, but no major marks, just a nick above the left pillar and a tiny dig right of the floret above the assayer on the reverse. A short linear scratch is hidden right of the 9 in the date. The strike is sharp, though the planchet shows a small patch of inherent roughness between 17 of the date. The reverse shows light reflectivity. An internal die break is seen on the shield border below the lower right castle, and other identifying die flaws are seen right of the shield and below RD of FERD. This reverse is one of three identified for the date and is different from the reverse seen on the following lot.
Among the six mints, all in the New World, that coined Pillar 8 Reales, Santa Fe and Santiago offer type collectors the greatest challenge. Just four issues were coined in Colombia, all bearing the NR mintmark: 1759, 1760, 1762, and 1770. The 1770 issue was unknown until about 10 years ago, when 14 pieces (all Mint State) were found in a church cornerstone in Bogotá. Two examples dated 1762 are known, and two 1760-dated pieces are recorded, with rumors of a third. Specimens dated 1759 are only slightly more numerous than those of 1770, but only two are known in Mint State, including this one. The 1759 is also the only one of the Colombian Pillar 8 Reales to have been coined under Ferdinand VI, making it a one-year type coin.
One of only three examples of this issue graded by PCGS, this is a marquee highlight in this collection and a contender for finest known of this issue. NGC has graded only two, including the only other Mint State example known: the F.C.C. Boyd - 1975 ANA - Lissner MS-62 that brought $114,950 in August 2014.
From the Eldorado Collection of Colombian and Ecuadorian Coins.
From Ray Johnson.
Estimate: $20000.00- $40000.00