LOT / Treasure, World, U.S. Coin & Paper Money Auc... / COLOMBIA, Bogotá, pillar 8 reales, Ferdinan...

932

COLOMBIA, Bogotá, pillar 8 reales, Ferdinand VI, 1759 JV, very rare, NGC AU 53, ex-Patterson (cover)

Currency:USD Category:Coins & Paper Money / World Coins By Country Start Price:20,000.00 USD Estimated At:25,000.00 - 50,000.00 USD

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COLOMBIA, Bogotá, pillar 8 reales, Ferdinand VI, 1759 JV, very rare, NGC AU 53, ex-Patterson (cover). Restrepo-10.1; Cal-539; KM-33; Yonaka-B8.59. Rich, original, steely blue-gray toning over lustrous surfaces offering exceptional eye appeal for the type, a perfect combination of rarity and quality, with well-detailed pillars-and-globes and crowned arms showing no weakness anywhere but with distinctive planchet flaw over the E in FERDND, giving this example a unique identity among the very few known survivors. Extremely rare as the first year of Colombian pillar dollars and the only issue under Ferdinand VI. By royal order of 1751, the Nuevo Reino (Bogotá) mint of the Viceroyalty of New Granada was incorporated into the Royal Treasury and directed to adopt the pillar-type coinage with mintmark NR, issued under assayers Joaquín Burgos and Victoriano del Valle. Implementation took years, however, and the dollar-sized coins were not struck until 1759. Restrepo estimates that fifteen examples exist, but only about half of those have hit the market in recent decades, all highly prized as among the rarest and most important coins of the Colombian colonial series. The present lot is a magnificent example of the first Colombian pillar dollar, and a major opportunity to acquire a cornerstone of Spanish-American numismatics. Pedigreed to the Alexander Patterson Collection (Bonham's auction of July 1996, lot 296, pictured on the back cover of the catalog) and to the Ponterio auction of January 2004 (lot 1634).
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This lot is part of the auction: Treasure, World, U.S. Coin & Paper Money Auction 38 Back To Catalog Listing

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From (Incl.)	To (Excl.)	Increment
0.00	50.00	2.00
50.00	100.00	5.00
100.00	200.00	10.00
200.00	300.00	20.00
300.00	500.00	25.00
500.00	1,000.00	50.00
1,000.00	2,000.00	100.00
2,000.00	3,000.00	200.00
3,000.00	5,000.00	250.00
5,000.00	10,000.00	500.00
10,000.00	20,000.00	1,000.00
20,000.00	30,000.00	2,000.00
30,000.00	50,000.00	2,500.00
50,000.00	100,000.00	5,000.00
100,000.00	200,000.00	10,000.00
200,000.00	300,000.00	20,000.00
300,000.00	500,000.00	25,000.00
500,000.00	Infinite	50,000.00

LOT / Treasure, World, U.S. Coin & Paper Money Auc... / COLOMBIA, Bogotá, pillar 8 reales, Ferdinan...

COLOMBIA, Bogotá, pillar 8 reales, Ferdinand VI, 1759 JV, very rare, NGC AU 53, ex-Patterson (cover)

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