SPAIN. 2 Escudos, 1812-M IJ. Madrid Mint. Ferdinand VII. NGC MS-61.
Fr-309; KM-478; Cal-Type 389#1606. A RARE type that is always in demand, not only due to the fancy stylized bust of Ferdinand VII in military attire, but also because the issue was struck for only one year. This example, among the nicest seen, displays beautiful yellow-gold surfaces that are full of luster and without distracting marks. The strike also shows pleasing depth, and approaches complete. Tough to estimate, this coin compares favorably to the Caballero de las Yndias example that last hammered in 2020 for 4200 Euros (about $4600 at the time). While the strike on that coin is perhaps ever-so-slightly sharper, the surfaces on this coin show fewer marks, perhaps giving this piece a slight edge in quality. Taking that into consideration, as well as the fact that only a single coin has been graded finer by NGC or PCGS, we expect immense competition for the right to own this conditionally exceptional key coin in the series.
From the Avrabanel Collection.
Estimate: $2500 - $5000