Italy
Selections from the Eric P. Newman Collection of World Coins. Naples & Sicily. Ferdinando IV copper Pattern 4 Cavalli 1788-P, MIR-406/1, MS64 Red Brown NGC. Beautifully struck on a broad flan with substantial mint red remaining, this extreme rarity is listed in MIR as R5. This pattern is identified by the lack of a denomination on the reverse. As with the 10 Tornesi listed below, no examples of this type could be found having sold at auction. Considering the fact that early patterns are so prized by collectors, a rarity such as this will demand a premium bid from the serious Neapolitan specialist.
Estimate: 2000-2500 USD