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1714 Mexico Presentation 8 Escudos, Easily The Finest Known, PCGS MS66, Sold For $312,000

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 Posted 08/13/2020  11:28 am Show Profile   Bookmark this topic Add CCFPress to your friends list Get a Link to this Message
PCGS - Noted on the label as Royal Coinage, it's believed this, and other coins were struck in Mexico, Bolivia, and Peru to be presented to Spanish dignitaries and royalty as a symbol of Spain's successful colonial expansion. The ships carrying the coins were sunk in a hurricane in 1715, with many of the pieces being recovered over the last 50 years. A very rare piece of shipwreck gold, this 1714 Mexico Presentation 8 Escudos, easily the finest known ( PCGS MS66) sold for $312,000 over the weekend.

Fr-7; KM-R57.3; Onza-397 (plate coin); Onza Main-389 (1986, plate coin); Cal-Type 18 #91 (plate coin); Grove-888, Cayon-9945. Weight: 26.90 gms. Of the HIGHEST RARITY, this impressive and captivating "royal" presentation issue exhibits a perfectly centered, bold strike upon a planchet free from impurities while also offering intense yellow-gold hues and incredible mint luster. While offerings are quite infrequent, we note the recent sale of a slightly inferior example, known as the Caballero de las Yndias and Ubilla-Echevez specimen, that hammered at the equivalent of over $265,000 (before buyer's premium) in March 2020.
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 Posted 08/13/2020  12:03 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
It looks wonderful!
My best finds: 1999-WAM: 1988-RDV-6: 1986-Off-center:
1999 WAM #2:
1981 Double Struck In Collar:
ANA id: 3194067
My Type Set:
If you want to buy something or sell something or just talk, shoot me a PM!
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