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Potosi, Bolivia, cob 8 reales, Philip II, assayer Rincon, very rare first 8 reales of the Potosi min

Currency:USD Category:Coins & Paper Money / Cobs - Potosi Silver Start Price:4,000.00 USD Estimated At:5,000.00 - 10,000.00 USD
Potosi, Bolivia, cob 8 reales, Philip II, assayer Rincon, very rare first 8 reales of the Potosi min
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This item SOLD at 2014 May 02 @ 11:41UTC-4 : AST/EDT
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Potosi, Bolivia, cob 8 reales, Philip II, assayer Rincon, very rare first 8 reales of the Potosi mint. S-P1; KM-5.1; CT-142. 27.25 grams. The most desirable coins of each of the main colonial mints are its first 8 reales, all very rare, and all with the same assayer-mark R for Rincon (starting with Francisco in Mexico and continuing with his brother Alonso in Lima and Potosi. The Mexican is the rarest, represented by just 3 specimens, all from one shipwreck, the best of which sold at auction a few years ago for about $374,000. The Lima specimens are next, about 7-10 known, the best of which sold at auction decades ago for about $132,000. A not-so-distant third is Potosi, with about 10-15 specimens known, the best of which sold at auction decades ago for about $25,000. Since then, the number of Potosi cob collectors has increased, and we can think of several advanced Potosi 8R collectors whose collections lack only this first issue under assayer Rincon. And this specimen is no slouch, with nearly full legends on a broad flan, beautifully toned XF+ (very natural-looking), full inner details, just regrettably double-struck all over. With Sedwick photo-certificate.