NGC - MS 62
Charles III (1759-1788). 2 reales. 1781. Mexico. FF. (Cal-670). . Lovely specimen with lustous surfaces. Soft cabinet tone with an iridescent hue around the peripheries, enhancing its excellent eye appeal. Rare in this high condition. Slabbed by NGC as MS 62. Only 2 finer specimens in the NGC census. Ex Koehlmoos Collection. Est...700,00.
Charles III (1759-1788). 2 reales. 1776/5. Santiago. DA. (Cal-751). . 6,57 g. Magnificent specimen for this series. Overdate. Soft cabinet tone. Minor edge marks and light scratches on reverse. Extremely rare, only a few specimens known, and undoubtedly the finest of all. Ex Áureo & Calicó (29/10/2008), lot 1352; Ex Medina Collection. Choice VF. Est...900,00.
NGC - AU 58 Top Pop!!
Charles III (1759-1788). 4 reales. 1774. Potosi. JR. (Cal-931). . Frosty with luster but a few too many light marks to make a higher grade. Excellent eye apeal and rare y this condition. Slabbed by NGC as AU 58 Slabbed by NGC as AU 58 (Top Pop), the finest specimen in the NGC and PCGS census. Est...1000,00.
NGC - AU 58 ¡¡Top Pop!!
Charles III (1759-1788). 8 reales. 1775. Madrid. PJ. (Cal-1065). . Only one other specimen has been recorded at auction in the past 20 years, and without doubt this is the best preserved example. It displays a soft cabinet tone with underlying original luster, greatly enhancing its visual appeal. Extremely rare.
Slabbed by NGC as AU 58 (Top Pop), the finest example listed in the combined NGC and PCGS census.
Ex Plus Ultra Collection, Soler & Llach (27/10/2021), lot 2084.
Official records from the Madrid mint indicate that, following the Mint Ordinances of 1730, the production of 8 Reales was minimal due to the large influx of silver coinage —initially pillar types and later portrait issues— arriving from the Americas. As a result, the mint’s efforts focused primarily on fractional denominations intended for everyday circulation.
With the monetary reform of Charles III in 1772 and the decree ordering the withdrawal of the older coinage, the Madrid mint carried out an extraordinary coinage in 1773 and 1774, mainly in 8 Reales, likely intended to replace the recalled coins with the new type. However, the partial failure of the withdrawal—as people tended to keep the older, higher-fineness coins—together with the subsequent shortage of silver explains the sharp decline in 8 Reales production during the following years.
Within this context, the 1775 issue appears in the mint’s records in much smaller quantities than those of preceding years. After that date, the 8 Reales denomination was only struck again in 1778, 1782, and 1788, while the production of 4 Reales coins increased notably due to the limited inflow of silver.
The extreme rarity of the 1775 issue is confirmed by its exceptional scarcity in the numismatic market and its absence from the most important collections of 8 Reales or Charles III coinage ever auctioned. All evidence suggests it was a residual coinage, preceding the sporadic resumption of 1778. For its rarity, the 1775 8 Reales may be considered comparable to the 1777 and 1778 issues, which are traditionally regarded among the rarest Madrid mint coins —and indeed among the rarest of the entire reign. Est...4000,00.
NGC - UNC Details
Charles III (1759-1788). 1 escudo. 1778. Potosi. PR. (Cal-1436). . First year of issue. Hole expertly plugged at 12 o’clock. Only two other specimens traced at auction in the last 20 years, with this being the best preserved despite the repair. Extremely rare. Slabbed by NGC as UNC Details, Plugged. Est...3000,00.
Possibly unique
Charles III (1759-1788). 2 escudos. 1788/7. Potosi. PR. (Cal-1666). . 6,71 g. An extremely rare issue, possibly unique, and with an remarkable pedigree. Overdate not recorded in Krause. Light planchet flaws.
Ex Fleming Collection, Áureo & Calicó (19/11/2022), lot 1898;
Ex Iriarte Collection, Áureo (04/03/1998), lot 890. Choice VF. Est...2500,00.
Of the highest rarity
Charles III (1759-1788). 2 escudos. 1773. Santiago. DA. (Cal-1719). . 6,67 g. An extraordinarily rare issue, with a reported mintage of only 850 pieces according to Krause, and the first we have had the pleasure of offering at auction. Although it shows noticeable wear, typical of issues from Santiago, it retains traces of original luster.
An essential coin for any advanced collection of the series, representing a unique opportunity to acquire a true rarity and one that will seldom be seen at auction again.
Ex Heritage Auctions (08/01/2017), lot 30398. Choice F/Almost VF. Est...4000,00.
Extremely rare Santiago
Charles III (1759-1788). 2 escudos. 1788. Santiago. DA. (Cal-No cita). (Km-No cita). (Cy-12568). . 6,58 g. An extraordinarily rare issue, with no other specimen of this date traced at auction in the last 30 years. Very weak strike and minor scratches. An essential coin for any advanced collection of the series, representing a unique opportunity to acquire a true rarity and one that will seldom be seen at auction again.
Ex Cayón (28/04/2015), lot 224. Choice F/Almost VF. Est...1500,00.
NGC - VF 30
Charles III (1759-1788). 4 escudos. 1770/60. Santa Fe de Nuevo Reino. VJ. (Cal-1856). (Restrepo-65-4). . "Rat Nose" type. Clear overdate. No denomination mark. Very rare. Slabbed by NGC as VF 30. Label misattributed by NGC for not indicating the overdate. The famous Rat Nose or Cara de Rata type of the Colombian 4 Escudos was struck only in 1770 and 1771, with no confirmed evidence of a 1769 issue. Both dates are of extreme rarity within the Spanish Colonial series. The distinguished Norweb Collection contained just a single specimen of the 1771/0 variety, while the renowned Caballero de las Yndias Collection included only an example of the 1770/60 issue. Likewise, Eliasberg owned only one specimen of the 1771/0 type. Est...4000,00.
Ex Caballero de las Yndias
Charles III (1759-1788). 4 escudos. 1775. Santiago. DA. (Cal-1869). . 13,48 g. Mintage of only 1,190 pieces. Traces of original luster. Light hairlines. An extraordinarily rare issue, with only one other specimen traced at auction in the last 20 years. Ex Caballero de las Yndias, Áureo & Calicó (08/04/2009), lot 63. Almost VF/Choice VF. Est...3000,00.
Extremely rare Santiago
Charles III (1759-1788). 4 escudos. 1783. Santiago. DA. (Cal-1876). . 13,40 g. A mintage of only 612 pieces according to Krause. Light hairlines. An extraordinarily rare issue, with only one other specimen traced at auction in the last 25 years, this being the better preserved. Ex Fleming Collection, Áureo & Calicó (19/11/2020), lot 1990; Ex Áureo (01/07/2004), lot 394. VF/Choice VF. Est...3500,00.
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