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Tegucigalpa, Honduras (Central American Republic), 2 reales, 1825NR, NGC VF 25, Coins of the World P

Currency:USD Category:Coins & Paper Money / World Coins - World (H-O) Start Price:1,200.00 USD Estimated At:1,500.00 - 2,250.00 USD
Tegucigalpa, Honduras (Central American Republic), 2 reales, 1825NR, NGC VF 25, Coins of the World P
SOLD
1,800.00USDto annapolis+ (342.00) buyer's premium. + applicable fees & taxes.
This item SOLD at 2019 May 03 @ 11:28UTC-4 : AST/EDT
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Tegucigalpa, Honduras (Central American Republic), 2 reales, 1825NR, NGC VF 25, Coins of the World Plate (stated on label). KM-10. Broad flan with full details, nice for the grade, with olive toning (the fields mostly lighter), desirable one-year issue in unique design with mintmark T for Tegucigalpa and assayer initials NR for Narciso Rosal. After the provisional "imitation cob" issues of 1823-4, the Tegucigalpa mint began striking crude round coinage under the Central American Republic in the form of 1R dated 1824 and 2R dated 1825, as we see here, with crude design of sun-over-mountains on obverse and small ceiba tree on reverse and legends specifically referring to the Central American Republic. The legends also show a fineness as 11 dineros (under the tree), which equated to the old Spanish colonial cob standard of 91.7% silver, in contrast to the 90.3% standard for the other CAR issues from Guatemala. However, the relative crudity of the Tegucigalpa issues, along with their lower-than-indicated actual fineness, made them unpopular, and they were soon outlawed by decree of May 7, 1825. As a result, both issues are very scarce to extremely rare. NGC #4724466-012. Plate Coin in William Craig's Coins of the World (1966).