Testones were the largest silver coins that were issued into circulation at that time. An off metal strike in gold would have been appropriate for a presentation piece. Extra care would have been taken to produce this piece.
At 19.4 grams, it would have been a significantly large gold coin for that period, and thus considered medallic in form.
I am a bit reticent to assigning Sheldon grades to hammered coins. I think that Sheldon never considered other than US coins. I feel that a European auction house would have applied a traditional adjectival grading to it.
Nevertheless, they would have reported the slab grading if it had been in an auction lot.
At 19.4 grams, it would have been a significantly large gold coin for that period, and thus considered medallic in form.
I am a bit reticent to assigning Sheldon grades to hammered coins. I think that Sheldon never considered other than US coins. I feel that a European auction house would have applied a traditional adjectival grading to it.
Nevertheless, they would have reported the slab grading if it had been in an auction lot.






















