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Mexico City, Mexico, cob 8 escudos, 1709J, possible "Royal" presentation issue, extremely rare and c

Currency:USD Category:Coins & Paper Money / World Coins - World Start Price:30,000.00 USD Estimated At:35,000.00 - 50,000.00 USD
Mexico City, Mexico, cob 8 escudos, 1709J, possible  Royal  presentation issue, extremely rare and c
SOLD
40,000.00USD+ (7,200.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2009 Oct 15 @ 11:02UTC-4 : AST/EDT
All items are genuine unless noted. Most shipwreck coins and artifacts come with a certificate of authenticity (please check the description for each item.

Buyer's fee
18% with Credit or Paypal
15% with check and wire transfer.


Mexico City, Mexico, cob 8 escudos, 1709J, possible "Royal" presentation issue, extremely rare and choice high grade. S-M30, KM-57.1, CT-101. 26.9 grams. Arguably the most important coin in this catalog, our lot #1 is unique in several ways and is among the highest-grade cob 8E we have ever seen, with full mint luster and certain details, like the cross, tapering to sharp, completely unworn tops and (to our eyes at least) apparently specially prepared on a much rounder than usual flan and with more complete and more evenly struck design than expected for the crude 1702-1710 period. Exceptional quality aside, the fact is that this coin is the ONLY clear example known of the 1709 date, and careful study indicates that the date may be re-engraved over both (170)8 and (170)7, further evidence that this was a special presentation die retained and reused for several years. Complicating matters is the fact that there are NO KNOWN Royals for the years 1703-1710 to compare with. We expect this lot will fetch well above its conservative estimate, as other Royals (even relatively common dates) have recently gotten well into six figures at auction. From the 1715 Fleet.