1085

COLOMBIA, Medellín, gold 10 pesos, 1886/74, fineness 0,666 / 0,900, extremely rare, PCGS AU55, fines

Currency:USD Category:Coins & Paper Money / World Coins By Country Start Price:28,000.00 USD Estimated At:35,000.00 - 70,000.00 USD
COLOMBIA, Medellín, gold 10 pesos, 1886/74, fineness 0,666 / 0,900, extremely rare, PCGS AU55, fines
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COLOMBIA, Medellín, gold 10 pesos, 1886/74, fineness 0,666 / 0,900, extremely rare, PCGS AU55, finest and only example in PCGS census, ex-Eldorado. Restrepo-335.1; Sed-42; KM-141.2a; Fr-104a. Light yellow color with very little wear and marks, several small die cracks and a lamination flaw at bust truncation, clear overdate and over-fineness, undisputedly the finest of four known, the second best being the Dr. Frank Sedwick specimen in NGC AU 53, with a third example being the Restrepo Plate Coin (nick on edge) and the fourth sold in Goldberg in 2007 (scratched). This is the largest of a three-coin 1886 set including the 5 and 2 pesos, all struck in 0.666 gold as decreed by President Nuñez during a financial crisis that began around 1880. Unlike the two smaller pieces, the 10 pesos bears incuse edge-lettering DIOS . LEI . LIBERTAD (also curiously struck with 30% mis-aligned axes). As Dr. Frank Sedwick emphasized in his book, The Gold Coinage of Gran Colombia (1991), these coins represent the only gold coins struck in Colombia between 1878 and 1913 and he also points out that while these coins were probably struck in very small numbers, the real reason for their extreme rarity is the fact that their "unacceptably low gold content... destined them to the melting pots," their survival at all being "a miracle."

Featured on back cover of printed catalog. Pedigreed to the Eldorado Collection (Stack's Bowers auction of January 2018, lot 12264), stated on label.
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