1557

"Plata corriente" cut piece of a silver ingot, stamped for use in circulation, with two tax stamps o

Currency:USD Category:Coins & Paper Money / Cobs - Other Silver Start Price:450.00 USD Estimated At:600.00 - 900.00 USD
 Plata corriente  cut piece of a silver ingot, stamped for use in circulation, with two tax stamps o
SOLD
500.00USDto R*********8+ (75.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2010 Oct 26 @ 18:52UTC-4 : AST/EDT
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"Plata corriente" cut piece of a silver ingot, stamped for use in circulation, with two tax stamps of Charles I (Emperor Charles V), very rare. 93.4 grams. Crudely cut pieces like this one were used as money in the early to mid-1500s in lieu of coins struck in South America (minting did not begin till 1568), but when the coins finally came along these "plata corriente" cuts were ordered to be melted, which is why they are so rare today. This one is a heftier chunk than usual, and in particularly rare for showing tax stamps on both sides, its thickness tapering from the 3/4" interior of the ingot to its thin edge. Circulated and found in Panama.