Heritage World Coin Auctions
ANA Signature Sale 3094 19-20 Aug 2021
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Uruguay
Republic "Montevideo Siege" Peso 1844 MS64+ NGC, Montevideo mint, KM5, Elizondo-1, Lezama-Plate IV, Almeida-032 (R1). Coin alignment. Exceptional by all measures, not least as a siege type having survived down to the present day in practically gem preservation. A one-year emission struck to total mintage of 1,500 pieces across all varieties, these famed Uruguayan crowns were produced over the course of only two days at the reopened Casa de Moneda in Montevideo after the long civil war and city siege by General Oribe. While many were held as keepsakes in remembrance of the melted silver spared by local families and churches, the mint's limited technical capabilities, together with the natural emergency nature of the denomination, led to few escaping use in circulation, with many otherwise cleaned. Indeed, to date, only a single other specimen has been certified finer across NGC and PCGS combined (also in this sale). As such a covetable opportunity, and a coin that begs to be examined in hand.
Ex. World-Wide Coins (James F. Elmen) (May 2016, Lot 281)
https://coins.ha.com/itm/uruguay/uruguay-republic-montevideo-siege-peso-1844-ms64-ngc-/a/3094-30140.s?type=CoinArchives3094
HID02906262019
© 2020 Heritage Auctions | All Rights Reserved
Estimate: 3000-5000 USD
Republic "Montevideo Siege" Peso 1844 MS64+ NGC, Montevideo mint, KM5, Elizondo-1, Lezama-Plate IV, Almeida-032 (R1). Coin alignment. Exceptional by all measures, not least as a siege type having survived down to the present day in practically gem preservation. A one-year emission struck to total mintage of 1,500 pieces across all varieties, these famed Uruguayan crowns were produced over the course of only two days at the reopened Casa de Moneda in Montevideo after the long civil war and city siege by General Oribe. While many were held as keepsakes in remembrance of the melted silver spared by local families and churches, the mint's limited technical capabilities, together with the natural emergency nature of the denomination, led to few escaping use in circulation, with many otherwise cleaned. Indeed, to date, only a single other specimen has been certified finer across NGC and PCGS combined (also in this sale). As such a covetable opportunity, and a coin that begs to be examined in hand.
Ex. World-Wide Coins (James F. Elmen) (May 2016, Lot 281)
https://coins.ha.com/itm/uruguay/uruguay-republic-montevideo-siege-peso-1844-ms64-ngc-/a/3094-30140.s?type=CoinArchives3094
HID02906262019
© 2020 Heritage Auctions | All Rights Reserved
Estimate: 3000-5000 USD