Ecuador 1848/7-GJ 2 reales

photo courtesy Ponterio & Associates

Heritage sale 3040, lot 32042

The first specimen was lot 1235 in an old Ponterio sale. The second specimen was lot 32042 in Heritage sale 3040 (Chicago, April 2015), where it sold for $564. The catalog description^[1] noted, "Republic 2 Reales 1848/7-GJ AU55 PCGS. Quito mint. Extremely well struck for the type with all details crisp. Much luster present and worthy of a premium bid." It is one of a series struck 1847-52. It is scarce, but not rare, but its strong resemblance to a United States bust quarter of the years 1831-38 increases demand for it and it routinely yields over catalog value in auctions. All pre-decimal Ecuadorian coinage is hard to find and hotly pursued.

Recorded mintage: unknown.

Specification: 5.5-6.05 g, 0.667 fine silver.

Catalog reference: KM 33.

Source:

• Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
• ^[1]Bierrenbach, Cristiano, Warren Tucker and David Michaels, Heritage Signature Auction 3040, featuring the Santa Maria, the Alan Dean and the Valley View Life Collections, Dallas, TX: Heritage Auction Galleries, 2015.

Link to:

• 1836 2 reales
• 1837 2 reales
• 1846 8 reales
• 1847 2 reales
• 1848 ½ real
• 1848 8 escudos
• 1849 2 reales
• Coins and currency dated 1848
• return to coins of Ecuador