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Lima, Peru, cob 8 escudos, 1703/2H, from the 1715 Fleet, very rare (unique overdate), encapsulated N

Currency:USD Category:Coins & Paper Money / Cobs - Gold Start Price:15,000.00 USD Estimated At:15,000.00 - 30,000.00 USD
Lima, Peru, cob 8 escudos, 1703/2H, from the 1715 Fleet, very rare (unique overdate), encapsulated N
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This item SOLD at 2013 Oct 30 @ 10:18UTC-4 : AST/EDT
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Lima, Peru, cob 8 escudos, 1703/2H, from the 1715 Fleet, very rare (unique overdate), encapsulated NGC MS 62. S-L25a; KM-38.1 ;CT-13. 26.9 grams. This is an exciting coin: For starters it is lustrous Mint State and well struck, well centered (also aligned axes) and with virtually full legends, which enables the advanced researcher to study the dies carefully. The cross side is an exact match with Tauler #219, but the pillars-side die is previously unknown, either for 1702 or 1703 (of which only 2-3 of each are known, none in the State of Florida collection), with a straight-bottom crown that ended in 1703. The overdate is hard to see (NGC missed it, after all), due to minor doubling (localized to that spot only), but an overlay comparison with the "2" on the 1702 in our Auction #6 (lot 21) proves it. A unique coin like this has unlimited potential, but for comparison we would like to point out that the only other 1703 we have sold (Auction #3 lot 8, which was the highlight of the 2003 Tampa sale, where it sold for $13,250) realized $17,250 in 2008. Also note the previously cited 1702 sold for $25,300 in 2009! From the 1715 Fleet, with photo-certificate.