746

Panama, cob 2 reales, Philip II, assayer oB to left, mintmark AP above denomination II to right, no

Currency:USD Category:Coins & Paper Money / Cobs - Other Silver Start Price:4,000.00 USD Estimated At:5,000.00 - 10,000.00 USD
Panama, cob 2 reales, Philip II, assayer oB to left, mintmark AP above denomination II to right, no
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This item SOLD at 2017 Nov 02 @ 19:11UTC-4 : AST/EDT
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Panama, cob 2 reales, Philip II, assayer oB to left, mintmark AP above denomination II to right, no Aragon in shield, very rare, ex-Richard Stuart, ex-Craig (1981), KM Plate Coin, COAC 1988 Plate Coin, Proctor Plate Coin. S-AP4; KM-3.2; CT-507. 6.67 grams. Choice full shield and cross with crisp XF details despite very light surface porosity (albeit nicely toned), much legend, full assayer and mintmark and denomination. Proctor points out the lack of a vertical bar for Aragon in the shield (upper right) is yet another aspect of such a novice mint, but also this coin is from near-unique dies with small lions on reverse (just one other, lesser-quality specimen known, lot #676 in our Auction #16). Reportedly unearthed in the 1970s by metal detectorist George Chevalier on the "Camino Real" mule trail in Panama. Pedigreed to the Richard Stuart collection and to the Freeman Craig auction of November 1981 (lot 445), also Plate Coin on page 441 of Spain, Portugal and the New World (2002), by Krause-Mishler, Plate Coin in Figure 7 of The Coinage of El Peru (proceedings of the ANS's Coinage of the Americas Conference, October 1988, in a presentation by Barry W. Stallard), and Plate Coin #2R.3B on page 142 of The Forgotten Mint of Colonial Panama (2005), by Jorge Proctor.