Difference between revisions of "Colombia 1848-B 2 reales"

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[[Image:Colombia 1848 2 reales obv Goldberg 067029.jpg|300px|thumb|Goldberg sale 25, lot 1598]]
 
[[Image:Colombia 1848 2 reales obv Goldberg 067029.jpg|300px|thumb|Goldberg sale 25, lot 1598]]
 
[[Image:Goldberg image01598.jpg|454px|thumb]]
 
[[Image:Goldberg image01598.jpg|454px|thumb]]
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[[Image:Colombia 1848 2 reales obv DSLR.jpg|300px|thumb|from the Mountain Groan Collection]]
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[[Image:Colombia 1848 2 reales rev DSLR.jpg|300px|thumb]]
  
This specimen was lot 1598 in Goldberg sale 25 (Los Angeles, May 2004), where it sold for $170. The auction catalog noted, "Colombia. 2 Reales, 1848. KM-105. Multi colored toning on obverse and brilliant on reverse. NGC graded MS-63." It is a gem example of a decimal two reales struck in [[Colombia]] (then called Nueva Granada) in 1848. The type was struck 1847-49. Unlike Mexico, which converted directly from 8 reales = 1 peso to 100 centavos = 1 peso in the 1860's, Colombia took a roundabout route to decimalization. In colonial Colombia, two reales coins were 6.77 g, .896 fine, just like the rest of Spanish America. The chaos of the struggle for independence and the shortage of bullion affected the two reales as it did the other denominations. Cundinamarca issues (1815-16, KM C4) were 4.9 g, .583 fine; the "Libertad Americana" issue (1819-20, KM 76 and 77) were 5.9 g, .666 fine. The first two reales of the independent Nueva Granada (1839-46, KM 97) were 5.5 g, .666 fine. Thus, when this coin appeared, the populace were resigned to underweight two reales and were probably unimpressed when they were told that ten reales made a peso instead of the former eight. A modified design was issued 1849-53 (KM 109) and then the coin was redesignated a two décimos, struck 1854-58 (KM 117). In 1866, the fineness was lowered to .835 and struck at that standard 1866-74 (KM 149, 155, 159, 160) and a twenty centavos struck 1874-86 (KM 176, KM 178).
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The first specimen was lot 1598 in Goldberg sale 25 (Los Angeles, May 2004), where it sold for $170. The auction catalog noted, "Colombia. 2 Reales, 1848. KM-105. Multi colored toning on obverse and brilliant on reverse. NGC graded MS-63." It is a gem example of a decimal two reales struck in [[Colombia]] (then called Nueva Granada) in 1848. The type was struck 1847-49. Unlike Mexico, which converted directly from 8 reales = 1 peso to 100 centavos = 1 peso in the 1860's, Colombia took a roundabout route to decimalization. In colonial Colombia, two reales coins were 6.77 g, 0.896 fine, just like the rest of Spanish America. The chaos of the struggle for independence and the shortage of bullion affected the two reales as it did the other denominations. Cundinamarca issues (1815-16, KM C4) were 4.9 g, 0.583 fine; the "Libertad Americana" issue (1819-20, KM 76 and 77) were 5.9 g, 0.666 fine. The first two reales of the independent Nueva Granada (1839-46, KM 97) were 5.5 g, 0.666 fine. Thus, when this coin appeared, the populace were resigned to underweight two reales and were probably unimpressed when they were told that ten reales made a peso instead of the former eight. A modified design was issued 1849-53 (KM 109) and then the coin was redesignated a two décimos, struck 1854-58 (KM 117). In 1866, the fineness was lowered to .835 and struck at that standard 1866-74 (KM 149, 155, 159, 160) and a twenty centavos struck 1874-86 (KM 176, KM 178).
  
 
''Recorded mintage:'' unknown.
 
''Recorded mintage:'' unknown.
  
''Specification:'' 5 g, .900 fine silver, .144 troy oz ASW.
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''Specification:'' 5 g, 0.900 fine silver, .144 troy oz ASW.
  
 
''Catalog reference:'' KM 105.
 
''Catalog reference:'' KM 105.
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* [[Coins and currency dated 1848]]
 
* [[Coins and currency dated 1848]]
 
* return to coins of [[Colombia]]
 
* return to coins of [[Colombia]]
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[[Category:Selections from Goldberg sale 25]][[Category: Selections from the Mountain Groan Collection]]

Latest revision as of 19:00, 1 March 2026

Goldberg sale 25, lot 1598
Goldberg image01598.jpg
from the Mountain Groan Collection
Colombia 1848 2 reales rev DSLR.jpg

The first specimen was lot 1598 in Goldberg sale 25 (Los Angeles, May 2004), where it sold for $170. The auction catalog noted, "Colombia. 2 Reales, 1848. KM-105. Multi colored toning on obverse and brilliant on reverse. NGC graded MS-63." It is a gem example of a decimal two reales struck in Colombia (then called Nueva Granada) in 1848. The type was struck 1847-49. Unlike Mexico, which converted directly from 8 reales = 1 peso to 100 centavos = 1 peso in the 1860's, Colombia took a roundabout route to decimalization. In colonial Colombia, two reales coins were 6.77 g, 0.896 fine, just like the rest of Spanish America. The chaos of the struggle for independence and the shortage of bullion affected the two reales as it did the other denominations. Cundinamarca issues (1815-16, KM C4) were 4.9 g, 0.583 fine; the "Libertad Americana" issue (1819-20, KM 76 and 77) were 5.9 g, 0.666 fine. The first two reales of the independent Nueva Granada (1839-46, KM 97) were 5.5 g, 0.666 fine. Thus, when this coin appeared, the populace were resigned to underweight two reales and were probably unimpressed when they were told that ten reales made a peso instead of the former eight. A modified design was issued 1849-53 (KM 109) and then the coin was redesignated a two décimos, struck 1854-58 (KM 117). In 1866, the fineness was lowered to .835 and struck at that standard 1866-74 (KM 149, 155, 159, 160) and a twenty centavos struck 1874-86 (KM 176, KM 178).

Recorded mintage: unknown.

Specification: 5 g, 0.900 fine silver, .144 troy oz ASW.

Catalog reference: KM 105.

Source:

  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • Restrepo, Jorge Emilio, Monedas de Colombia, 1619-2006, Medellin, Colombia: Impresiones Rojo, 2006.

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