Watch List notes:

Copiapo, Chile, 1 peso, 1865, NGC AU 55. KM-4. The raised fields fairly smooth and clean with minimal marks, darkly toned in the incuse design elements. It is interesting to note that NGC (and some catalogers) erroneously attribute this issue as a restrike due to a misreading of Medina's reference work Las Monedas Obsidionales de Chile (1919), in which he mentions someone (probably Medina himself) finding the dies for the 50 centavos and making "just a few" restrikes... but the pesos (which are more common) are original to 1865 and the Blockade of Puerto de Caldera in the war against Spain. Pedigreed to the Coleccion Val y Mexia (stated on special label).


Estimate: 200 - 300 USD