Paraguay (1865-70) 2 reales

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Sedwick Treasure Auction 28, lot 1146
Sed28-1146r.jpg

This specimen was lot 1146 in Sedwick Treasure Auction 28 (Winter Park, FL, November 2020), where it sold for $6,600. The catalog description[1] noted, "Paraguay (War of the Triple Alliance), 2 reales, countermark "Co" inside toothed square (1865-70) on a wavy-edge 1/2 cut of a Bolivian Republic 4 soles of the mid-1800s, very rare, NGC VF 30, finest and only example in NGC census, ex-Peltzer, ex-Gibbs, Guttag Plate Coin. Deep, old toning befitting such a pedigreed specimen, with nearly full countermark, sharply angled cuts and much bold host detail, including mintmark and denomination. A very rare issue believed to be made by the Compania Oriental of Paraguay during the war against the Triple Alliance of Argentina, Brazil and Uruguay (see our Auction 24 for a 1/4 cut example, which is Pratt-MR9). This is the only example in the NGC census today, but we note that the Whittier specimen (the only other one we can trace) was formerly NGC F 12. Pedigreed to and plated in the Peltzer collection (Glendining auction of June 1927, lot 655A) and the Guttag collection (cataloged by Edgar Adams in 1929, plate coin #1549A) and the Gibbs collection (Hans M.F. Schulman auction of March 1966, lot 1373), all (in error) as "possibly Curacao," all the pedigrees stated on the label."

Recorded mintage: unknown.

Specification: silver, this specimen 5.88 grams.

Catalog reference: Pratt-unl; KM-unl.

Source:

  • 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 and Cori Sedwick Downing, Treasure Auction 28, featuring the Dr. Peter Jones and John O'Brien collections, Winter Park, FL: Daniel Frank Sedwick LLC, 2020.

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