Pakistan 1976 500 rupees

from the Stack's Bowers October 2021 Collector's Choice sale, lot 71844

This specimen was lot 71844 in Stack's Bowers Collector's Choice sale (Costa Mesa, CA, October 2021), where it sold for $2,640. The catalog description^[1] noted, "PAKISTAN. 500 Rupees, 1976. NGC PROOF-67 Ultra Cameo. Commemorating the 100th Anniversary of the birth of Mohammad Ali Jinnah. A VERY SCARCE coin that is rarely offered due to its low mintage. In August 2019 we sold an Uncirculated piece (NGC MS-69) for a total of $1,440, demonstrating the strong market. Richly cameoed with crisp contrast and nearly flawless surfaces, this superb Gem may well exceed that sum." This design was also used on KM 39 (copper-nickel 50 paisa) and KM 41 (silver 100 rupees). The Pakistani regime has issued few NCLT's, apparently not appreciating the opportunities for graft and self-dealing available to such issues.

Recorded mintage: 500 + 500 proofs.

Specification: 4.5 g, 0.917 fine gold, 19 mm diameter.

Catalog reference: Fr-2; KM-43.

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, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
• ^[1]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, The June 2021 Collector's Choice sale: World and Ancient Coins, Costa Mesa, CA: Stack's Bowers LLC, 2021.

Link to:

• 1976 100 rupees, tragopan pheasant
• 1976 100 rupees, centennial of the birth of Mohammad Ali Jinnah
• 1976 150 rupees, gavial
• 1976 3000 rupees, Astor Markhor
• 1977 500 rupees, centennial of the birth of Allama Muhammad Iqbal
• Pakistan 1977 1000 rupees Islamic Summit
• Coins and currency dated 1976