Chile 1848-So JM 2 reales
This specimen was lot 995 in Sedwick Treasure Auction 39 (Winter Park, FL, May 2026), where it sold for $3,900. The catalog description[1] noted, "CHILE, Santiago, 2 reales, 1848/6 JM, rare, NGC AU 58 (Colección Val y Mexía Label), finest known in NGC census. Muted luster overlain with lovely rainbow toning (stronger in peripheries), clear overdate that is not mentioned on label nor recorded in references, finest of six in the census without any overdate specified. Pedigreed to the Val y Mexía Collection." This type was struck 1843-52. The design, with a condor tearing the chains of slavery, is also found on half real, 1 real and 8 reales coins of the period. This design is very popular with collectors and brings quite a bit more than the rather low catalog values. The date is also known in a large shield variety (KM 100.1). An overdate 1848/7 is recorded for the year but not the 1848/6 shown here. This example realized sixteen times the catalog value.
Recorded mintage: unknown.
Specification: 5.7 g, 0.902 fine silver, 23-23.5 mm diameter.
Catalog reference: KM-100.2 (unlisted overdate).
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
- [1]Sedwick, Daniel Frank, Augi Garcia, Cori Sedwick Downing, Connor Falk and Sarah Sproles, Auction 39, World, U.S Coins and Paper Money, featuring the Jorge Ugaz Collection of Lima Silver Cob 2 Reales and the Darby Collection of Guatemala Silver Cobs, Winter Park, FL: Daniel Frank Sedwick LLC, 2026.
Links to: