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Medellin, Colombia, 5 pesos, 1864-M, encapsulated NGC XF details, obverse scratched, extremely rare.

Currency:USD Category:Coins & Paper Money / Dr. Frank Sedwick Collection of Colombian Coins Start Price:6,500.00 USD Estimated At:6,500.00 - 9,500.00 USD
Medellin, Colombia, 5 pesos, 1864-M, encapsulated NGC XF details, obverse scratched, extremely rare.
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This item SOLD at 2011 Apr 26 @ 18:55UTC-4 : AST/EDT
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Medellin, Colombia, 5 pesos, 1864-M, encapsulated NGC XF details, obverse scratched, extremely rare. Sedwick-37. Restrepo-328. KM-148. With simple COLOMBIA for obverse legend (effectively a one-year type, despite references to 1862 and 1863, about which Sedwick said he had "never seen either one nor been able to document their existence," this coin does have several rim-nicks and scratches on the cheek but is nonetheless well struck, nicely toned and not overly worn. RRRR in Sedwick, of course, and unpriced in both Restrepo and KM. For comparison, an XF sold in Eliasberg (2005) for $12,650, and a good VF with edge nick (very comparable to the present coin) sold in UBS in 2009 for about $7500. Prior to that, per Sedwick: "The only specimen ever to appear at auction was a Very Fine that realized $5,000 at the then Bowers & Ruddy auction, February 18, 1977." Dr. Frank Sedwick collection of Colombian Republic gold coins