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Potosi, Bolivia, cob 8 reales Royal (galano), 1669E, rare, NGC AU 58*, finest and only example in NG

Currency:USD Category:Coins & Paper Money / Cobs - Potosi Silver Start Price:15,000.00 USD Estimated At:25,000.00 - 50,000.00 USD
Potosi, Bolivia, cob 8 reales Royal (galano), 1669E, rare, NGC AU 58*, finest and only example in NG
SOLD
40,000.00USD+ (8,000.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Nov 17 @ 23:35UTC-5 : EST/CDT
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Potosi, Bolivia, cob 8 reales Royal (galano), 1669E, rare, NGC AU 58*, finest and only example in NGC census, ex-Karon, Sellschopp Plate Coin (2nd ed.). S-P37b; KM-R26; Cal-665. 26.99 grams. It is hard to put into words exactly what makes this coin worthy of its rare "star" designation by NGC (the only star-designated Potosi cob 8 reales, Royal or regular, in the NGC census), but the reason for it is readily apparent nonetheless, whether for its deep, rich toning, massive round flan or bold and well-centered strike, notably unholed and lacking any real circulation or wear but with flatness on the lower lion and castle inside the cross to keep it from true Mint State (also slightly doubled on that side). Curiously, the date below the cross is clearly 669/8, a die-match with Lazaro #181 but not with any known 1668 dies (the pillars side also not a match with any others known of either date), so rather than considering this a true overdate we feel it is more likely just a die-engraver's error. All in all, this is a very special coin, deserving of a very special home now. Pedigreed to the Paul Karon collection (stated on label), and Plate Coin in the 2nd ed. (1992) of Sellschopp's Las acunaciones de las cecas de Lima, La Plata y Potosi. NGC #5902400-008.