Guatemala 1783-NG P 8 escudos

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from Heritage sale 3097, lot 30292
H3097-30292r.jpg

This specimen was lot 30292 in Heritage sale 3097 (New York, January 2022), where it sold for $12,000. The catalog description[1] noted,

"Guatemala: Charles III gold 8 Escudos 1783 NG-P AU50 NGC, Nueva Guatemala mint. An incredibly rare date from this only five-year type, and one of a mere two examples we have been able to locate coming to auction in recent decades, the other having been repaired. Altogether missing from Vidal Quadras y Ramón, Medina, Guttag, Ulex, Norweb and Eliasberg collections (the latter two of which both only contained a 1778), this piece currently stands as the sole example yet certified and the first we have ever offered, scattered contact existing across the surfaces in line with the grade, though the open expanses still emit a pervasive underlying luster. Not a coin that we have been able to locate in any of the major collections we have consulted, and one sure to demand a premium bid among connoisseurs of the series. Ex. Áureo & Calicó Auction 258 (March 2014, Lot 244)."

All Guatemalan gold coins are rare. This type is less rare than its predecessors (being struck 1778, 1781, 1783 and 1785) but it is still priced at ten times a similar eight escudos from Colombia.

Recorded mintage: unknown.

Specification: 27.07 g, 0.901 fine gold.

Catalog reference: Cayón-12944, KM 40, VQR-Unl., Chaves-31, Cal-1911, Onza-671 (Extremely Rare).

Source:

  • 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.
  • 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.
  • [1]Cristiano Bierrenbach, Warren Tucker and Sam Spiegel, NYINC World Coins Platinum Night Auction 3097, Dallas, TX: Heritage Auction Galleries, 2021.
  • Robinson, Charles, The Coins of Central America, 1733-1965, San Benito, TX: 1965.
  • Stickney, Brian, A Monetary History of Central America, New York: American Numismatic Society, 2017.

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