from the Stack's Bowers 2018 NYINC sale, lot 20077

This specimen was lot 20077 in Stack's Bowers 2018 NYINC sale (New York, January 2018), where it sold for $6,600. The catalog description^[1] noted, "CHILE. Peso, 1817-SoFD. NGC MS-62. 'Y' to left. Only 4 mint state examples have been graded at NGC, none at PCGS. A RARE and underrated coin with assayers letters FD. The vast majority of the 1817 issue, including the Spanish colonial types were produced by the assayers Francisco Rodriguez Brochero and Jose Maria de Bobadilla. The FD assayer was only used for a brief period of time on 1817 'Volcano' Pesos as is evident by the few available examples today. The existence of the 1818/7 overdate further supports this as it clearly shows this die was latter re-cut for the production of the 1818 issue. The strong luster and absence of bagmarks suggest that this example is conservatively graded. Nicely struck, brilliant with flashy luster and highly attractive. From the Alex Siegel Collection." This issue, the "volcano peso," is one of the most popular South American crowns. It was struck regularly between 1817 and 1834 in some numbers but is hotly pursued in auctions. It is the first coin to bear the word "peso." Colonial eight reales were commonly called pesos in everyday usage but are marked "8 R." The 1817-FJ is the most frequently encountered of the series; this 1817-FD and an 1817 without assayers' initials are rare. The volcano design also appears on silver half, one and two reales of 1833-34.

Recorded mintage: unknown.

Specification: 27.07 g, 0.903 fine silver, .786 troy oz ASW, 39.5 mm diameter.

Catalog reference: KM-82.2; EL-80; Jara-pg.5, figure-2 (RARE).

Source:

Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
^[1]Ponterio, Richard, Kyle Ponterio, John Kraljevich and Cris Chatigny, The January 2018 NYINC Sale: Ancient Coins, World Coins & Paper Money, featuring the Eldorado Collection of Colombian and Ecuadorian Coins, Santa Ana, CA: Stack's Bowers LLC, 2017.

Links to:

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South America during the wars of liberation

Chile 1817-So FD peso

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