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Santiago, Chile, bust 4 escudos, Charles IV transitional (bust of Charles III, ordinal IV), 1790/89D

Currency:USD Category:Coins & Paper Money / World Coins - World Start Price:2,500.00 USD Estimated At:2,500.00 - 3,750.00 USD
Santiago, Chile, bust 4 escudos, Charles IV transitional (bust of Charles III, ordinal IV), 1790/89D
SOLD
2,900.00USD+ (435.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2010 Apr 13 @ 10:26UTC-4 : AST/EDT
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Santiago, Chile, bust 4 escudos, Charles IV transitional (bust of Charles III, ordinal IV), 1790/89DA, extremely rare. CT-unlisted (cf. 276); KM-unlisted (cf. 41.1). 13.4 grams. So rare as a type (and unique as an overdate) that only two examples have shown up at auction in the past century, the other one a 1789 with lamination defect (hence inferior to ours) originally offered by Spink in 1936 and later as the Norweb specimen in 1997. Probably 5 of the type are known in all. Unfortunately this is a case where KM took a single auction result and extrapolated prices in 4 grades, and then Calico just copied. For sure the type is rarer than the celebrated "rat nose" type of 1763-64. The present specimen is lustrous XF+-AU with slightly weak bust, no problems.