Heritage World Coin Auctions
March Signature Sale 3096 25-27 Mar 2021
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Spain
Charles II gold 8 Escudos 1687/3-BR MS62 NGC, Segovia mint, KM197, Fr-219, Onza-145 (Rare), Cal-1001 (prev. Cal-37), Cay-7906. Beginning in the 16th century, the Segovia mint embarked on an industrial modernization of their traditional hammer-struck method of coining, importing novel minting technology from Hall in Austria in the form of rolling machines. The result is readily apparent in the superior quality of Segovian issues--their roundness and uniformity of strike stand out in stark contrast to the often cruder coinage of the other Spanish mints, (which retained inferior production standards even into the 18th century), allowing for a much greater complexity of design upon the coins themselves. The present specimen represents a pinnacle rarity in the Segovian series, as a lack of gold resources in this period resulted in an intrinsic rarity for this emission. The appeal of this example is further bolstered by fully intact strike detail over surfaces permeated by an antique harvest-gold tone. As our most recent (and only other) sale of this date, an NGC AU58 example in our January 2019 NYINC Auction (Lot 34359), realized $43,200, we expect the present Mint State offering may easily set a new record for the type.
https://coins.ha.com/itm/spain/spain-charles-ii-gold-8-escudos-1687-3-br-ms62-ngc-/a/3096-30443.s?type=CoinArchives3096
HID02906262019
© 2020 Heritage Auctions | All Rights Reserved
Estimate: 20000-40000 USD
Charles II gold 8 Escudos 1687/3-BR MS62 NGC, Segovia mint, KM197, Fr-219, Onza-145 (Rare), Cal-1001 (prev. Cal-37), Cay-7906. Beginning in the 16th century, the Segovia mint embarked on an industrial modernization of their traditional hammer-struck method of coining, importing novel minting technology from Hall in Austria in the form of rolling machines. The result is readily apparent in the superior quality of Segovian issues--their roundness and uniformity of strike stand out in stark contrast to the often cruder coinage of the other Spanish mints, (which retained inferior production standards even into the 18th century), allowing for a much greater complexity of design upon the coins themselves. The present specimen represents a pinnacle rarity in the Segovian series, as a lack of gold resources in this period resulted in an intrinsic rarity for this emission. The appeal of this example is further bolstered by fully intact strike detail over surfaces permeated by an antique harvest-gold tone. As our most recent (and only other) sale of this date, an NGC AU58 example in our January 2019 NYINC Auction (Lot 34359), realized $43,200, we expect the present Mint State offering may easily set a new record for the type.
https://coins.ha.com/itm/spain/spain-charles-ii-gold-8-escudos-1687-3-br-ms62-ngc-/a/3096-30443.s?type=CoinArchives3096
HID02906262019
© 2020 Heritage Auctions | All Rights Reserved
Estimate: 20000-40000 USD