URUGUAY. "Siege" Peso, 1844. Montevideo Mint. PCGS MS-64.
KM-5; Almeida-033 (R2). Medal Alignment. Overstruck on a Chilean Peso. Mintage: 1,500. A fascinating exemplar from the Siege of Montevideo, this wonderful piece provides both elusiveness and supreme beauty. The design was overstruck on Draped Bust Dollars and Chilean Pesos, with the original edge often left intact. Some light adjustment marks are seen on the reverse, but otherwise this example provides a nearly complete luster with incredible toning hugging the surfaces atop. A piece that tells a story that is hard to match, and as such is certain to command much attention.
Estimate: $4000 - $6000