SPAIN. 25 Pesetas, 1881(81) M SM. Madrid Mint. Alfonso XII. NGC MS-65+.
Fr-344; KM-687; Cal-Type 15#81. Intensely bright, this impressive Gem example of this first year of the bearded Alfonso XII type displays near prooflike fields on account of significant polishing with razor-sharp designs that are frosted, imparting a shallow cameo-like appearance. Few marks exist, which helps confirm the quality. RARE in this grade, it is sure to be highly desired by specialists and type collectors alike.
From the Avrabanel Collection.
Estimate: $1500 - $2500