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Mexico City, Mexico, bust 4 escudos, Philip V, 1732F, very rare, encapsulated NGC MS 60, finest know

Currency:USD Category:Coins & Paper Money / World Coins - Gold Start Price:18,000.00 USD Estimated At:20,000.00 - 40,000.00 USD
Mexico City, Mexico, bust 4 escudos, Philip V, 1732F, very rare, encapsulated NGC MS 60, finest know
SOLD
24,000.00USDto huancavelica74+ (4,200.00) buyer's premium. + applicable fees & taxes.
This item SOLD at 2017 Nov 02 @ 11:33UTC-4 : AST/EDT
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Mexico City, Mexico, bust 4 escudos, Philip V, 1732F, very rare, encapsulated NGC MS 60, finest known in NGC census, from the 1733 Fleet (designated on label). CT-237; KM-135. This gorgeous coin, with full luster and 100% fully struck-up details on a broad flan (just some parts of rims crude and a few stray marks in the fields), is one of only about ten specimens known, the first date of the first machine-struck gold coins of the Americas, in a very attractive design that marries the crowned-shield motif of the contemporaneous silver "pillar dollars" with an ornately wigged bust of the king, this specimen actually the finer of just two listed in the NGC census (the other, ex-Rudman, being AU 58) and visibly more attractive than the Plate Coins in both CT and KM (both of which are purported to be UNC). Like the gold cobs of the 1715 Fleet, this coin clearly shows the importance of shipwreck gold coins that are virtual time capsules, missing out on centuries of handling with minimal evidence of immersion. An exciting coin for both collectors of Mexico and Spanish colonial types alike, and along with the next two lots (2E and 1E 1732) a unique opportunity to acquire the finest known set. NGC #3735673-002. From the 1733 Fleet.