22

Mexico City, Mexico, cob 8 escudos, 1714J, Royal dies on both sides (very rare), NGC MS 65, finest k

Currency:USD Category:Coins & Paper Money / Cobs - Gold Start Price:28,000.00 USD Estimated At:35,000.00 - 70,000.00 USD
Mexico City, Mexico, cob 8 escudos, 1714J, Royal dies on both sides (very rare), NGC MS 65, finest k
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Mexico City, Mexico, cob 8 escudos, 1714J, Royal dies on both sides (very rare), NGC MS 65, finest known in NGC census, ex-1715 Fleet (designated on label). S-M30; Cal-unl; KM-unl. 26.90 grams. Beautifully toned surfaces with super-sharp details all over, clearly a Royal (galano) in design but on an incomplete cob flan (hence much of the legends are truncated), the "Royal Dies" type mentioned on the label but not specified in the census (where this coin sits alone atop the "regular" 1714 issues). The 8 escudos of this year are rich with varieties, which researcher Phil Flemming attributes to die-failure after aborting an apparent decision to move the date to the reverse (the so-called “GRAT variety” for the fact that GRAT appears in the usual place for a date on the obverse) to start that year’s production. Skipping some intermediate varieties, eventually the mint had to rely on Royal dies for regular production, just the obverse at first (as some coins are known with Royal-die obverse but regular reverse) and then the reverse as well. These Royal dies are quite distinct from regular dies, as they show four-petal rosettes for stops in the legends and above and below the oMJ and denomination VIII, plus dagger-like ornaments in the dimples of the tressure around the cross, in addition to a finer overall style of shield and cross (for example, the tressure itself has texture). Only five examples of this variety are known, and it is missing in the State of Florida collection. From the 1715 Fleet. NGC #5906664-001.