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Lot 30034

Image Information

Type Coin
Title Lot 30034
Date 1824
Country Chile
Service Catalog # 80551
Denomination Escudo
Description Republic gold Escudo 1824 So-I, KM85, MS66 NGC. A rare early Republic issue with a reported mintage of 3,400 coins. While this factor alone is enough to make it appealing, its condition unquestionably elevates it to stratospheric levels. Our research located a lone record of this date selling: the Eliasberg coin that was sold in 2005 and later re-sold by us in January of 2009. That coin, impressive in its own right, was graded MS64 by NGC. Every technical specification of the Newman coin trumps that piece. The present coin shows razor-sharp detail throughout, with glowing luster in the fields that gives off a just-minted appearance. Without the aid of a loupe (and even with one), the surfaces appear on the cusp of being flawless. In fact, the present specimen was so superb, it prompted Burdette G. Johnson to type on the coin's envelope, "a brilliant proof and undoubtedly unique in this condition." While we question the Santiago Mint's ability and desire to actually strike proofs during this transitional period, we certainly echo the sentiment: "This coin is special." Ex: ?Colonel? E.H.R. Green; Green Estate? Partnership of Eric P Newman / B.G. Johnson. Realized $22,325.00. Description courtesy of Heritage Auctions.

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