Stack's Bowers & Ponterio
January 2018 NYINC Auction 11-13 Jan 2018
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COLOMBIA. 1859-P 5 Pesos. Popayán mint. Restrepo M232.1. MS-62 (PCGS).
The finer of two examples known to Restrepo, this coin is the plate coin in Restrepo and the Krause-Mishler catalogs, as well as Frank Sedwick's The Gold Coinage of Gran Colombia. Sedwick leaves this coin unpriced and terms it RRRR. This specimen, even without considering its rarity, is gorgeous, with rich and lustrous yellow gold surfaces that show some reflectivity inside the rims. Well struck and very attractive, with just modest softness on the first S of PESOS at the central reverse. The surfaces show scattered light marks but none are individually serious. A triangular lamination fills the space between the bases of EI of LEI at the bottom of the reverse. This is the only 5 Pesos issue struck at the Popayán mint and it stands as one of the classic rarities in the 5 Pesos series. This, along with the unique 1862-M 5 Pesos in the following lot, are the only coins of this denomination struck in the name of the Granadine Confederation. After more than 35 years, another collector now has the chance to own this one.
From the Eldorado Collection of Colombian and Ecuadorian Coins.
The finer of two examples known to Restrepo, this coin is the plate coin in Restrepo and the Krause-Mishler catalogs, as well as Frank Sedwick's The Gold Coinage of Gran Colombia. Sedwick leaves this coin unpriced and terms it RRRR. This specimen, even without considering its rarity, is gorgeous, with rich and lustrous yellow gold surfaces that show some reflectivity inside the rims. Well struck and very attractive, with just modest softness on the first S of PESOS at the central reverse. The surfaces show scattered light marks but none are individually serious. A triangular lamination fills the space between the bases of EI of LEI at the bottom of the reverse. This is the only 5 Pesos issue struck at the Popayán mint and it stands as one of the classic rarities in the 5 Pesos series. This, along with the unique 1862-M 5 Pesos in the following lot, are the only coins of this denomination struck in the name of the Granadine Confederation. After more than 35 years, another collector now has the chance to own this one.
From the Eldorado Collection of Colombian and Ecuadorian Coins.
From Stack's sale of the Mortimer Hammel Collection, September 1982, lot 771.
Estimate: $5000.00- $10000.00