Chile 1876 2 centavos

from the Mountain Groan Collection

from the Stack's Bowers 2020 Collector's Choice sale, lot 70335

This copper-nickel two centavos was minted in Santiago, Chile, in 1870-77. It was converted to copper in 1878 (KM 147a) and struck in that form until 1894. A slightly larger 2½ centavos was issued beginning in 1886. The type is not rare but most survivors are in poor condition. This specimen is a somewhat better date; there also exists a rare overdate, 1876/5. The second specimen was lot 70335 in Stack's Bowers Collector's Choice sale (Santa Ana, CA, February 2020), where it sold for $1,680, which was 14 times the estimate. The catalog description^[1] noted, "CHILE. 2 Centavos, 1876. PCGS MS-65 Gold Shield. A well-struck Gem with satiny luster and pleasant toning throughout."

Recorded mintage: 108,000.

Specification: copper-nickel, plain edge.

Catalog reference: KM 147.

Source:

• Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
• ^[1]Orsini, Matt, Richard Ponterio and Kyle Ponterio, The February 2020 Collector's Choice sale: World and Ancient Coins, Santa Ana, CA: Stack's Bowers LLC, 2020.

Link to:

• 1871 peso
• 1872 5 pesos
• 1873 2 centavos
• 1874 ½ décimo
• 1876 peso
• 1880 2 centavos
• 1893 centavo
• 1895 5 pesos
• Coins and currency dated 1876
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