||La Rioja. Republic gold 8 Escudos 1832/1 RA-P, KM21, MS62 NGC. While encountered from time to time with evidence of circulation or significant impairment, unqualified Uncirculated examples of this type are truly scarce with demand that easily outpaces the supply. The current specimen maintains full, thick luster; soft reddish highlights at the obverse borders add to the character. The strike, a frequent concern for this issue, is better than most, with the arms on the reverse being just short of fully crisp. While several light ticks are apparent, most notably outside the sun's rays at 11:00 on the obverse and above the date on the reverse, neither instance overwhelms the eye. A classic issue and a coin that epitomizes South American gold during its period of fledgling republics.
Realized $18,212.50. Description courtesy of Heritage Auctions.