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Leon, Nicaragua, provisional "imitation cob" 4 reales, 1823-PMPY, very rare, encapsulated NGC VF 35,

Currency:USD Category:Coins & Paper Money / World Coins - World (H-O) Start Price:3,000.00 USD Estimated At:4,000.00 - 6,000.00 USD
Leon, Nicaragua, provisional  imitation cob  4 reales, 1823-PMPY, very rare, encapsulated NGC VF 35,
SOLD
5,000.00USD+ (875.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2017 Nov 02 @ 22:31UTC-4 : AST/EDT
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Leon, Nicaragua, provisional "imitation cob" 4 reales, 1823-PMPY, very rare, encapsulated NGC VF 35, ex-Richard Stuart (designated on label). KM-16.3 (under Honduras); Jara p. 33 (similar to Figure 8). 13.27 grams. Choice full pillars and waves and cross with 100% details on both sides, an exceptional specimen for the technical designation, with limited wear atop the highest points and sharply defined details and nice toning. An impressive example of this very rare denomination and among the most attractive pieces seen by the cataloger. NGC #4486419-001. Pedigreed to the Richard Stuart collection.

Introduction to Nicaragua provisional imitation cobs (1823-1825) by Carlos Jara:
Review of contemporary documentation pertaining to the imitation cobs issued in Nicaragua in the 1823-
1825 era suggests that the issues of León were minted in greater quantities than those of Granada, while
those of El Viejo logically should be extremely rare since they were issued for only a very short period.
Both the El Viejo and Granada coins have been correctly attributed for some years: The former (only two
known examples) bear a full “VIEJO” inscription on the obverse while the latter bear “J. G.” initials (for
Junta de Granada) on the obverse, and pomegranates in lieu of castles on the reverse (described thus in
contemporary documents). The “PMPY” group with “pinetree” devices atop the pillars can now be
assigned to the León mint, clarifying up the last remaining main question in the catalog of Central
American provisional cobs of the early independence period.

Carlos Jara is a well know expert in Latin American Numismatics and has published a number of works in this field including “Historia de la Casa de Moneda de Guatemala: 1733-1776““ and “Central American Provisional and Provincial Mints“ Both of these are now the definitive references on their subject.