Chile 1762-So J escudo

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Sedwick Treasure Auction 36, lot 818
Sed50-0818r.jpg

This specimen was lot 818 in Sedwick Auction 36 (Winter Park, FL, November 2024), where it sold for $4,500. The catalog description[1] noted, "CHILE, Santiago, gold bust 1 escudo, Charles III (bust of Ferdinand VI), 1762 J, extremely rare, NGC XF details / rev damage (Colección Val y Mexía Label). Crude rims and edge, with some interior peck-marks but all details clear and only lightly worn, interesting type with king's name as CRL•III, from a very low mintage of only 540 coins, of which just three are still known to exist today, the others being an NGC XF 40 sold in the Heritage auction of January 2010 (lot 20871) and an UNC "in a private collection in Chile," according to Jara and Luedeking in their 2005 book Las Primeras Acuñaciones de la Casa de Moneda de Santiago de Chile 1749-1772. Pedigreed to the Val y Mexía Collection." The government took over the mint in 1770 and enlarged it, increasing production plus the debasement of 1772 likely caused prior issues to be melted. This type was struck 1761-62 only and is very rare. Altho struck in the name of Charles III, it bears the bust of his deceased half brother Ferdinand. Assayer J is listed for 1750-67.

Recorded mintage: 968.

Specification: 3.38 g, 0.917 fine gold.

Catalog reference: Cayón-unlisted; Cal-1475; KM-19; Fr-10.

Source:

  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, 2 volumes, Madrid: Cayón-Jano S.L., 2005.
  • Calicó, Xavier, Numismática Española: Catálogo General con Precios de Todas las Monedas Españolas Acuñadas desde Los Reyes Católicos Hasta Felipe VI, 1474 a 2020, Barcelona: Aureo & Calicó, 2019.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
  • [1]Sedwick, Daniel Frank, Augi Garcia, Cori Sedwick Downing, Connor Falk and Sarah Sproles, Treasure Auction 36, World, U.S Coins and Paper Money, featuring the Luis R. Ponte collection, the Jorge Becerra Collection and the John M. O'Brien collection, Winter Park, FL: Daniel Frank Sedwick LLC, 2024.

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