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Quito, Ecuador, 1/4 real, 1842MV-S, coin alignment, encapsulated NGC Fine details / environmental da

Currency:USD Category:Coins & Paper Money / World Silver Coins - Costa Rica-Guatemala Start Price:3,500.00 USD Estimated At:5,000.00 - 7,500.00 USD
Quito, Ecuador, 1/4 real, 1842MV-S, coin alignment, encapsulated NGC Fine details / environmental da
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This item SOLD at 2011 Apr 28 @ 12:14UTC-4 : AST/EDT
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Quito, Ecuador, 1/4 real, 1842MV-S, coin alignment, encapsulated NGC Fine details / environmental damage, extremely rare. KM-26. One of the rarest coins in the world for this popular (if diminutive) denomination, and from a highly collected country and time period, this date represented by no more than 6-7 specimens, despite the characteristic listing of 4 grades and values in KM. The decree to start making 1/4R in Ecuador was dated in September of 1842, so they were not struck with this date for very long, and a decreed fineness of only 0.333 silver probably drove the coins out of circulation pretty quickly anyway. The debasement on our specimen is manifest by a very dark color, with minor surface corrosion and some weak spots. Pedigreed to the Carlos Janson collection of Ecuadorian cuartillos.