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COLOMBIA, Medellín, gold 5 pesos, 1885/74, fineness 0.666/0.900, very rare, ex-JEAS.

Currency:USD Category:Coins & Paper Money / World Coins By Country Start Price:2,000.00 USD Estimated At:2,500.00 - 5,000.00 USD
COLOMBIA, Medellín, gold 5 pesos, 1885/74, fineness 0.666/0.900, very rare, ex-JEAS.
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COLOMBIA, Medellín, gold 5 pesos, 1885/74, fineness 0.666/0.900, very rare, ex-JEAS. Restrepo-330.1; Sed-38; KM-163; Fr-105. 8.00 grams. Lightly polished XF with about one third to one half of each side lightly toned, die-crack across LEI, no major marks, a highly sought type-coin existing in very small numbers, from a three-coin issue (2, 5 and 10 pesos of 1885-6) in 0.666 fineness that barely survived. Dr. Frank Sedwick sums it best: "In the long interval between 1878 and 1913, Colombia issued no gold coins except these three matching pieces, all recut from earlier dies. No record indicates how many of these coins were minted, but the issue must have been very small. This, however, is probably not the main reason for their rarity. It was their unacceptably low gold content, the only 16-karat gold coins ever issued by any Colombian government, that destined them to the melting pots. The survival of any of these .666 pieces is a miracle, for they were coins that nobody wanted, and were issued at a time when serious collectors of Colombian coins hardly existed." We can trace only about five examples, most with problems, including the rim-filed Eldorado specimen. Pedigreed to the JEAS Collection.