1125

MEXICO, Mexico City, pillar 8 reales, Philip V, 1732 F, three mouldings atop right pillar, very rare

Currency:USD Category:Coins & Paper Money / World Coins By Country Start Price:40,000.00 USD Estimated At:50,000.00 - 100,000.00 USD
MEXICO, Mexico City, pillar 8 reales, Philip V, 1732 F, three mouldings atop right pillar, very rare
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MEXICO, Mexico City, pillar 8 reales, Philip V, 1732 F, three mouldings atop right pillar, very rare, NGC AU 58, ex-Ortiz (color plate). Yonaka-M8.32a; Cal-2269; KM-103. An especially attractive example of this historic issue, the first dated 8 reales struck at Mexico City in the new pillar design, a type that became the model for Spanish colonial coinage worldwide, this one boldly struck with full globes, sharp crown and pillars, and complete legends, the shield side particularly well detailed with crisp castles and lions, highlighted by superb multicolored toning over strong underlying luster that gives the coin exceptional visual appeal, in fact better in appearance than many Mint State specimens of the type. Yonaka and Gilboy record only two die varieties for this date, this being the scarcer with an extra moulding below the acanthus above the right pillar. This coin also has a distinguished pedigree to one of the most important auctions of Spanish colonial coins by type, the Emilio M. Ortiz Collection sold by Swiss Bank Corporation in 1991. According to the NGC and PCGS census, this piece ranks among the top five by grade for the date; while not the highest numerically, its superb eye appeal places it among the finest known examples, arguably the finest 1732 pillar dollar known outside of Mint State grade. Overall an outstanding combination of rarity, beauty, grade, and pedigree. Pedigreed to the Emilio M. Ortiz Collection (Swiss Bank Corp. auction of September 1991, lot 156, plated in color on page II of the catalog).
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