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Stack's Bowers & Ponterio
January 2018 NYINC Auction  11-13 Jan 2018
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Lot 12096

Starting price: 3750 USD
Price realized: 7000 USD
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COLOMBIA. 1820-MF 8 Reales. Popayán mint. Ferdinand VII (1808-1833). Restrepo 120.12. VF Detail - Plugged (PCGS).
Bust of Carlos IV. One of the great rarities in the Colombian portrait series. Calicó calls this date "rarísima," while Restrepo states that only two are known. The Restrepo plate coin is well worn and holed. That coin last appeared publicly in the December 2008 Cayon sale as lot 2286 and traces its earlier provenance to Calicó/ANE's sale of March 1975 and perhaps the Burzio Collection before that. This coin is struck from the same dies, both obverse and reverse, hallmarked by several distinctive aspects: the 2 of the date appears to be punched over another digit, perhaps a 1; the obverse legend stops before the point of the bust; the top of the left pillar touches the bottom of the F in the assayer's initials; the A's in GRATIA and HISPAN are made from a punch intended for a V.

This example is described as plugged, which may or may not be accurate. The top of both obverse and reverse have been deftly reengraved, affecting the top of the portrait and the laurel leaves above it, the field nearby, the central upright of the crown and the cross above it, and the field on either side of the crown. No evidence of a plug is seen, and this piece may have just been mounted then reengraved upon the mount's removal. The difference is perhaps unimportant. The vast majority of this coin's surface is pleasing, with good dark toning and lighter silvery fields. Some minor hairlines are seen, to be expected, and some marks near the central obverse show light evidence of smoothing. A dropped lamination surrounds V in the king's ordinal. The obverse is heavily swollen, with a die crack appearing at ND VII and the fields around the portrait pillowed outward. The central reverse is softly struck from the lack of pressure opposite this sunken portrait. The centering is excellent, and little actual wear is seen.

From the Eldorado Collection of Colombian and Ecuadorian Coins.

PROCLAMATION MEDALS

Estimate: $7500.00- $15000.00

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