Stack's Bowers & Ponterio
January 2014 NYINC Auction - Sess. A-B 10-11 January 2014
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PERU. 4 Escudos, 1770-JM. Lima. NGC AU-58.
Charles III (1759-88). Fr-29; KM-71.2; Cal-type-34#275; Lopez-Chaves Sanchez-42. This EXTREMELY RARE type exhibits a portrait that is unique to the Lima mint. It can best be described as somewhat of a hybrid portrait. While the drapery and armor cuirass used for this bust are typical of the earlier young bust or "rat-nosed" type, the head is more indicative of a middle aged or older portrait of Charles III, which is normally associated with coinage in the later 1770's-1780's. This portrait was not used by the other Spanish colonial mints and was only produced at Lima, Peru for a very brief period of time.
Charles III (1759-88). Fr-29; KM-71.2; Cal-type-34#275; Lopez-Chaves Sanchez-42. This EXTREMELY RARE type exhibits a portrait that is unique to the Lima mint. It can best be described as somewhat of a hybrid portrait. While the drapery and armor cuirass used for this bust are typical of the earlier young bust or "rat-nosed" type, the head is more indicative of a middle aged or older portrait of Charles III, which is normally associated with coinage in the later 1770's-1780's. This portrait was not used by the other Spanish colonial mints and was only produced at Lima, Peru for a very brief period of time.
By far the finest example of this type this cataloger has had the privilege of seeing. Well struck, lustrous and attractive with rich orange gold toning. NGC AU-58.