Royal Coinage sales report from

The Millenium Collection Sale by Ira and Larry Goldberg

May 2008

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Lot 1073   Mexico. 8 Reales, No Date-M (Mexico City, c. 1535-6); Assayer R (Francisco del Rincon). KM--; WR --. Carlos & Joanna, 1516-1556. Prior to Early Coinage (1538-1541) issues. Crowned arms of Castille and Leon; gothic-style mintmark. Reverse: Crowned pillars, rhomboidal panel containing PLVS; above and between pillars, a circular incuse with cross potent within; assayer mark below, Latin-style R. Bold, well-centered strike on nearly round flan. Spots of minimal weakness; areas of contact corrosion limited mostly to one edge of both sides. Toned. Excessively Rare -- one of only 3 specimens known.

Of the highest significance for the history of New World coinage. Emphasizing the experimental nature of this issue, one can discern that this coin is a test strike. Apparent in the fields are flattened designs, indicating that the present piece was overstruck on itself at least once, if not two or more times! NGC graded EF-40. .

Carlos and Joanna, or Johanna, issued the first coins from Europe for the New World. Johanna was the daughter of Ferdinand and Isabella, and heir to the Spanish throne. She married Philip the Handsome, and they had a son named Charles. Both Johanna's mother, Isabella, and her husband, Philip, died young. By all reports this made Johanna mentally unbalanced. Her son claimed co-regency with Johanna, and had her imprisoned in the castle of Tordesilla. He then ruled in name with her, but effectively he ruled alone. So much for filial love.

Only 3 pieces were found in a shipwreck. One is held by a collector who wants one million dollars for his example. Another brought $373,750 at a Heritage sale last year at New York. The salvage group that found the shipwreck, and who at one time had all three coins in their possession, consigned it. The winning bidder, a well-known Latin-American collector, was prepared to pay much more for this coin. At the time of the sale, there were rumors of many more known examples; thus, many major buyers did not attend the sale or bid on this important coin.

Mr. Daniel Sedwick, who represented the salvage group at the sale, stated that this was the last piece from the shipwreck. Since the auction, it is now confirmed that only three of these coins are known. The discovery specimen is being offered here.

Estimated Value $200,000 - 250,000.

Provenance: Illustrated in Money of the World, coin 144. 

  Realized $270,000

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Lot 1074   Mexico. 4 Reales, No Date-M-M (Mexico City); Assayer R (Francisco del Rincon). KM-0016; Cayon-3122. 13.55 grams. Carlos & Joanna, 1516-1556. Early Coinage (1538-1541); small central design. Crowned arms of Castille and Leon; gothic-style mintmarks. Reverse: Crowned pillars, value between, rhomboidal panel; assayer mark below. Cleanly struck on lightly oval flan. Some trivial edge weakness. Handsome old toning. Extremely Rare. 

Probable date struck, late 1538. Of special note, this type, with Assayer R, and the rhomboid panel (plain, without dots), and the overall die style, closely corresponds to the Assayer R, Eight Reales struck at this same period. NGC graded AU-50. .

Mexico City was the first Spanish mint established in the New World. Cortez, the conquistador of Mexico, as early as 1525, four years after the conquest petitioned Spain for a mint. Ten years later, in 1535, Antonio de Mendoza arrived in Mexico as the first Viceroy. He began almost immediately to mint coins. Two types of coins were produced, the earlier type with no waves on the obverse (1536-1542), and the later types with the obverse waves (1542-1572. The earlier type as offered here, is far rarer.

Estimated Value $7,000 - 8,000.

Provenance: Ex Buddy de Silva Collection, Superior, 2/78, lot 1421. Calico no. 79 (plate coin). Ex F.C.C. Boyd Collection. 

  Realized $5,750

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Lot 1075   Mexico. 4 Reales, No Date-M-M (Mexico City); Assayer R (Francisco del Rincon). KM-0016; Cayon-3122. 13.57 grams. Carlos & Joanna, 1516-1556. Early Coinage (1538-1541); large central design. Crowned arms of Castille and Leon; gothic-style mintmarks. Reverse: Crowned pillars, value between, rounded panel; assayer mark below. Well centered, on very round flan. Some trivial doubling and edge weakness. Handsome old toning. Very Rare. Exceptional specimen with choice eye appeal.

Probable date struck, 1538. NGC graded AU-50. .

The coins of Carlos and Johanna are undated, but the meticulous records of the Spanish enable us to match the assayers' initials with the dates of their employment. Thus, we can pretty much determine the dates of the coinage.

Estimated Value $7,000 - 8,000.

Provenance: Ex S. Sadi Collection; ex F. Birardi Collection. Ex F.C.C. Boyd Collection. 

  Realized $5,750

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Lot 1076   Mexico. 4 Reales, No Date-M-M (Mexico City); Assayer R (Francisco del Rincon). KM-0016; Cayon-3122; Nesmith-6a. 13.54 grams. Carlos & Joanna, 1516-1556. Early Coinage (1538-1541); small central design. Crowned arms of Castille and Leon; gothic-style mintmarks. Reverse: Crowned pillars, value between, rounded panel; assayer mark below. Well centered and struck, on choice metal. Perfectly centered, on fairly round flan. Artistic old toning. Very Rare. Among the finest known.

Probable date struck, 1538. NGC graded EF-45. .

Of interest here is the meaning of the two pillars pictured on the reverse. These symbolized the "Pillars of Hercules", or modern day Gibraltar. Gibraltar is an island that was owned by Spain at the time, and is located just a few feet off the Spanish coast. In 1704, during the War of the Spanish Succession, British troops conquered Gibraltar. British ownership was confirmed by the Treaty of Utrecht, which ended the war. Britain has owned the island ever since, and Spain has always wanted it back.

Estimated Value $7,000 - 8,000.

Provenance: Ex Munoz Collection, Superior, 6/74 lot 2109; Arte de la Plata Mexicana, no. 6 (plate coin). Ex F.C.C. Boyd Collection. 

  Realized $5,750

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Lot 1077   Mexico. 4 Reales, No Date-oMo-oPo (Mexico City, Assayer "P"). KM-0017; Cayon-3117. 13.59 grams. Carlos & Joanna, 1516-1556. Early Coinage (1538-1541); small central design. Crowned arms of Castille and Leon. Reverse: Crowned pillars, value between, rhomboidal panel with rightward slant with circles (without assayer mark). Choice sharp strike on lightly oval flan. Handsome old collection toning. Very Rare.

Probably date struck, late 1538-1540, or 1541. NGC graded AU-50.

Estimated Value $7,000 - 8,000.

Provenance: Ex Ruby Collection, Superior, 7/78 lot 17; Grove, no. 25 (plate coin); Ex H.L. Freeman Collection; Nesmith no. 26a (plate coin). Ex F.C.C. Boyd Collection. 

  Realized $5,750

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Lot 1078   Mexico. 4 Reales, No Date-oMo-oMo (Mexico City); Assayer G (Juan Gutierrez). KM-0017; Cayon-3101. 13.47 grams. Carlos & Joanna, 1516-1556. Early Coinage (1538-1541); small central design. Crowned arms of Castille and Leon. Reverse: Crowned pillars, value between, rhomboidal panel with leftward slant with circles; assayer mark below. Clean, sharp strike on fairly round flan. Handsome old collection toning. Very Rare.

Probably date struck, late 1541-1542. NGC graded EF-45.

Estimated Value $7,000 - 8,000.

Provenance:. H.F. Burzio, Diccionario de la Moneda Hispano-Americana, no. 367 (plate coin); Nesmith no. 11 (plate coin); Calico, no. 80 plate coin); Crove, no. 12 plate coin); plate coin); Arte de la Plata Mexicana, no. 17 (plate coin); Ex Celso Isla, Galerie des Monnaies, New York, 2/80, lot no. 1110. Ex F.C.C. Boyd Collection. 

  Realized $5,750

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Lot 1079   Mexico. 4 Reales, No Date-M-G (Mexico City). KM-0018; Cayon-3103. 13.67 grams. Carlos & Joanna, 1516-1556. Late Coinage (1542-1555); small central design. Crowned arms of Castille and Leon. Reverse: Crowned pillars over waves, motto between; value below. Choice sharp strike, perfectly centered on round flan. Some trivial peripheral weakness. Very fine old collection toning. Scarce this nice.

Assayer: Juan Gutierrez. Probable date struck, late 1542-1543, and again 1544-1545. NGC graded MS-61. .

The care obviously taken in the minting of these coins is most impressive. Hammered sheets of silver were used from which the coin blanks were cut. The coins were then hand struck by placing the blanks between the dies and striking it with a hammer. This produced, round, fuly struck examples. Exceptionally beautiful for the time.

Estimated Value $700 - 900.

Provenance: Ex F.C.C. Boyd Collection. 

  Realized $1,800

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Lot 1080   Mexico. 8 Reales, N.D. oMO (Mexico City), Flat Top 8; assayer O. WR-1 (round top 8); KM-43; Cal-244a; Calb - (unlisted variety). 26.92 grams. Philip II, 1556-1598. Retrograde D in Dei. Crowned Hapsburg shield.Reverse: Quartered arms of Castille and Leon in tressure. An especially good strike for type, with only modest weakness on reverse. Flan quite round, with handsome toning. Certainly among the finer known. NGC graded AU-50. .

This coin figures as WR-1 in Wayte Raymond's The Silver Dollars of North and South America. At that time it was the only assured earliest dollar from the Mexico mint, and so of great significance for the numismatic history. The Rincon trial 8 Reales were only myth and rumor. However, with the discovery of the Rincon issue, lot 1073 in this collection, this coin steps from its pedastled position to something perhaps better than a footnote, since the flat top 8 is a rarer variety.

Estimated Value $8,000 - 10,000.

Provenance: Ex F.C.C. Boyd Collection. Ex Superior A.N.A Sale, August 1975, lot 1932. 

  Realized $7,250

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Lot 1081   Mexico. "Royal" 8 Reales, No Date-MO-F (Mexico City). WR-2; KM-44.1. 27.38 grams. Philip III, 1598-1621. Crowned Hapsburg shield. Reverse: Cross quartering arms of Castille and Leon, within tressure. Exceptional strike on choice metal. Perfectly centered, on very round flan. Lovely gold and russet toning. Extremely Rare. The finest known. NGC graded AU-58. .

Philip III was the son of the very powerful Philip II, but he took no interest in affairs of state and left all decisions to his favorite, the Duke of Lerma (1598-1618) and then to the Duke of Uceda, Lerma's son. Philip had a reputation for extreme piety. Under the influence of Lerma, he decreed that all Moriscos (Moors who had converted to Christianity after the Christian reconquest which ended in 1492) should be expelled from Spain. This was an economic disaster, for the Moriscos were one of the few groups in Spain that did not consider work beneath them. Being in trade was not even a consideration for Spainish nobles; they were much too grand to work with their hands, and the peasants worked the nobles' lands and had no power whatsoever. The Jews had played a major role as a "middle class" in Spain, but they were expelled in 1492 by Ferdinand and Isabella. Now, in 1609, the Moriscos, who were very important to Spanish agriculture, trade, and industries, were also expelled. By practicing "ethnic cleansing," Spain hastened its own decline.

The "Royals" were struck on specially selected, round planchets with special dies - the dies not necessarily having the same designs and inscriptions as those coins of the same date and mintmark in the regular coinage. Some of the better specimens may have well been sent to Spain so that the king could see for himself what fine handiwork was being done at the various mints.

Estimated Value $40,000 - 50,000.

Provenance: Illustrated in Money of the World, coin 146; Ex: Calico. 

  Realized $50,000

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Lot 1082   Mexico. "Royal" 8 Reales, 1650-M0-P (Mexico City). WR-3; KM-45. 26.73 grams. Philip IV, 1621-1665. Crowned Hapsburg shield. Reverse: Cross quartering arms of Castille and Leon, within tressure. Exceptional strike on choice metal. Perfectly centered, on quite round flan. Handsome gray toning, a deep gold and russet in the recesses. Extremely Rare - the rarest of the "Royals." The finest known. NGC graded EF-45.

Estimated Value $60,000 - 80,000. 

  Realized $80,000

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Lot 1083   Mexico. "Royal" 8 Escudos, 1714-Mo-J. Fr --; cf. KM World Coins, 1700-1800, p. 753; Grove 888. 26.94 grams Philip V, 1700-1746. Crowned arms, value of VIII in field. Reverse: Cross within quadrilobe, angled scepters. Trivial planchet flaw below date, otherwise remarkable centering and strike. Excessively rare. One of the finest known examples. NGC graded MS-65. 

This coin the plate coin in Krause, Mishler, et al., Standard Catalogue of World Gold Coins, Fourth Edition, Iola, Wisconsin 20000; "Mexico," p. 756.

Combined in this coin is the "classic" Spanish, and Spanish colonial gold coin. The usual idea of Mexico's "treasure" coins are the crudely struck, thin-flan early coins, or the slightly later, and truly wretched "cob" coinage of the 17th and 18th centuries. Here one sees what a coin from a mineral-rich realm, belonging to a still-significant world power, should look like. Impersonal, and "anonymous," in that there are no portraits displayed, the insignia-laden shield bespeaks of ancient tradition and royal bearing, the large cross implies divine right, and above all, the coin's size and material speak most emphatically of power.

Spain had started making milled coins in 1586, beginning with the Segovia mint, and then off and on with varying quality. By the end of the 17th century, a major portion was being mechanically struck. Such was not the case with the colonies. In Mexico, it wasn't until the 1730's that milled coinage became a regular feature. Thus the "royal," or presentation strikes. These were struck on specially selected, round planchets with special dies - the dies not necessarily having the same designs and inscriptions as those coins of the same date and mintmark in the regular coinage. Some of the better specimens may have well been sent to Spain so that the king could see for himself what fine handiwork was being done at the various mints. On the other hand, for this issue there might be another reason. In 1714 Philip V, who was the first Bourbon king of Spain and a grandson of Louis XIV of France, married the ambitious and strong-willed Elizabeth Farnese as his second consort and queen. Coins such as these might have been among the gifts from the various colonial government seats that were assuredly bestowed on the "happy" newly-wed couple.

Estimated Value $100,000 - 125,000.

Provenance: Illustrated in Money of the World, coin 148; Ex: Calico. 

  Realized $270,000

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Lot 1084   Mexico. "Royal" 8 Reales, 1723-MO-J. WR-5; KM-47. 26.85 grams. Philip V, 1700-1746. Crowned Bourbon shield. Reverse: Cross quartering arms of Castile and Leon, within foliated tressure. Extraordinarily sharp, full strike on superb metal. Perfectly centered, on fully round flan. Artistic toning, with hints of colorful golds, russets, greens and steel blues. Extremely Rare. A marvelous example, perhaps the finest "Royal" of any Spanish king! Superb. NGC graded AU-58. .

Philip V was the first Bourbon king of Spain. He was a Frenchman, formerly Duke of Anjou, and a grandson of Louis XIV. Chosen by the childless Charles II to succeed him, Philip was king of Spain from 1700-1746; he abdicated in January 1724 in favor of his son Louis, but when Louis died in August of the same year, Philip took the throne again. He introduced French ideas and institutions to the Spanish court and and was much influenced by both of his wives, Maria Luisa of Savoy (1701) and Isabella (Elizabeth) Farnese of Parma (1714). Isabella took complete control of her husband's policies and was, in turn, dominated by the chief minister, Cardinal Alberoni. The attempt by the queen and Alberoni to regain the territories in Italy lost by the Treaty of Utrecht led to the formation of the Quadruple Alliance of 1718, to which Spain was forced to submit in 1720. Much of Spain's foreign policy was governed by dynastic ambition. In the War of the Polish Succession (1733-35), Naples and Sicily passed to Isabella and Philip's son, Don Carlos (later Charles III of Spain); in the War of the Austrian Succession (1740-48) Parma and Piacenza passed to Charles' younger brother Philip. Under Philip V, Spain began to recover from its economic stagnation, especially after Ensenada became chief minister in 1743 and virtually ruled the country. Ensenada tried to maintain peace and to regain Spanish independence through neutrality to both French and British policies. He instigated economic, fiscal, and administrative reforms which benefited the country. It was in large measure due to Ensenada that Philip was considered an "enlightened despot."

The "Royals" were struck on specially selected, round planchets with special dies - the dies not necessarily having the same designs and inscriptions as those coins of the same date and mintmark in the regular coinage. Some of the better specimens may have well been sent to Spain so that the king could see for himself what fine handiwork was being done at the various mints.

Estimated Value $40,000 - 50,000.

Provenance: Illustrated in Money of the World, coin 149; Ex: 1975 ANA sale; Ex: F.C.C. Boyd collection. 

  Realized $50,000

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Lot 1150   Peru. 8 Reales, No Date (c. 1568-1571), P-R (Lima). WR-1; KM-13; Sellschopp 1; Calbeto 243; Guttag 3993; Dasi 126 (Francisco del Rincon, assayer). 26.70 grams. Philip II, of Spain, 1554-1598. Crowned arms of Castille and Leon; assayer's initial at left. Reverse: Crowned pillars over waves, motto between; value below. Choice even strike, perfectly centered on very round flan. Very fine old collection toning. Of the highest rarity, and the utmost historical interest for New World numismatics. This is among the finest of little more than a handful of known examples.

It is thought that from 7 to 10 examples at most, in any grade, exist. The coin's fame and desirability rests on the fact that it was the first crown-size coin of South America. Francisco del Rincon opened the first mint in the Americas in Mexico City in 1536. NGC graded AU-55. .

Lima was founded by the conquistador, Francisco Pizarro in 1535. He named it the city of the kings. It became home to the Viceroyalty of Peru, and an important religious center as well. In fact, Lima was the second city of the New World behind Mexico City. Its mint was opened in 1568. The first 8 Reales coins struck there are great rarities. As stated by Wayte Raymond, "Of the greatest rarity and interest.".

Estimated Value $200,000 - 250,000.

Provenance: Ex F.C.C. Boyd Collection. This coin is the Wayte Raymond plate coin (F.C.C. Boyd); and so too for Dasi (copied from the Coin Collector's Journal, Jan.-Feb. 1947, page 13). This coin's only auction appearance was in the Superior A.N.A Sale, August 1975, lot 2022, selling against a $2000 estimate for an astounding, at the time, $23,000. A similar but somewhat lesser example (lot 20) sold in 1988, at the Swiss Bank Coins of Peru Auction, October 1988, for an even more astounding $120,600! Illustrated in Money of the World, coin 145. 

  Realized $240,000

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Lot 1151   Peru. 8 Reales, N.D (1577-1589), *8-PoD (Lima). WR--; KM-14 var.; Cayon-3906; Sellschop 87 (same obverse die); Calbeto 24A. 27.26 grams. Philip II, 1556-1598. Assayer: Diego de la Torre (1577-1588). Crowned Hapsburg shield. Reverse: Quartered arms of Castille and Leon in tressure. Remarkably fine strike for this early issue. Perfectly centered on especially round flan, with handsome old toning and full legends. NGC graded EF-45.

Estimated Value $2,000 - 2,500.

Provenance: Ex F.C.C. Boyd Collection. Ex Superior A.N.A Sale, August 1975, lot 2023. 

  Realized $2,000

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Lot 1152   Peru. "Royal" 8 Reales, 1686-L-R (Lima). WR-3; KM-24. 26.86 grams. Charles II, 1665-1700. Crowned Cross of Jerusalem, quartering arms of Castille and Leon, all in tressure. Reverse: Crowned pillars over waves. Choice even strike, on excellent metal. On huge, nearly round flan (modest flan flaw at center). Three dates visible. Toned. Large and impressive. Extremely Rare. NGC graded EF-40. .

The "Royals" were struck on specially selected, round planchets with special dies - the dies not necessarily having the same designs and inscriptions as those coins of the same date and mintmark in the regular coinage. Some of the better specimens may have well been sent to Spain so that the king could see for himself what fine handiwork was being done at the various mints.

Estimated Value $20,000 - 25,000. 

  Realized $23,000

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Lot 1016   Colombia. 8 Reales, 1651 NoR-P.oRMS (Santa Fe de Bogota/Nuevo Reino). WR-2; KM-7.1. 27.22 grams. Philip IV, 1621-1665. Crowned shield with arms of Castille and Leon. Reverse: Crowned pillars over waves. Excellent strike for issue, with only moderate peripheral flatness. Flan rather symmetrical and approaching round. Handsomely toned, with considerable eye appeal. Probably about as struck. Extremely Rare, and one of the finest known. NGC graded AU-55.

Estimated Value $10,000 - 12,000.

Provenance: Ex: Calico. 

  Realized $9,500

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Lot 1017   Colombia. 8 Reales, 1657 NoR-P.oRS (Santa Fe de Bogota/Nuevo Reino). WR-2; KM-7.1. 26.76 grams. Philip IV, 1621-1665. Crowned shield with arms of Castille and Leon. Reverse: Crowned pillars over waves. Bold strike on uneven flan, resulting in a few spots of flatness. Flan rather symmetrical and approaching round. Handsome old toning. Probably about as struck. Extremely Rare, and perhaps the finest known. NGC graded AU-53.

Estimated Value $12,000 - 14,000.

Provenance: Ex Calico plate coin. 

  Realized $11,000

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Lot 932   Bolivia. "Royal" 8 Reales, N.D. P-B (Potosi). WR-1;Cayon-4840. 27.19 grams. Philip III, 1598-1621. Crowned Hapsburg shield.Reverse: Quartered arms of Castille and Leon in tressure. Some trivial doubling at shield's right, otherwise especially good strike for early issues, with only modest weakness on reverse. Flan quite round, with handsome toning. Certainly among the finer known. NGC graded AU-50. .

Cobs were, in general, very crude strikings. Little care was taken to establish uniformity in size, weight, or design. The "royals" were the exception to this rule. These beauties are examples of how well coins can be produced when a little care is taken. They were exhibited to the Spanish royalty, to demonstrate the capabilities of the provincial minting techniques. Hence, the name "Royals".

Estimated Value $2,000 - 2,500.

Provenance: Ex Calbeto Collection. 

  Realized $2,000

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Lot 933   Bolivia. "Royal" 8 Reales, 1630-P-T (Potosi). WR-4; KM-R19a. 26.99 grams. Philip IV, 1621-1665. Crowned Hapsburg shield. Reverse: Quartered arms of Castille and Leon in tressure. Some trivial peripheral porosity, otherwise good strike on very fine metal. Flan nicely round, with handsome toning. NGC graded AU-55. .

The reign of Philip IV saw the continuing decline of Spanish industry and commerce, which had begun in 1588 with the loss of Spanish naval supremacy in the defeat of the Spanish Armada by England. The country was impoverished by wars with France, Germany, and Holland. Portugal regained its independence in 1640; Holland, which had been part of the Spanish Low Countries, was lost by the Treaty of Westphalia in 1648; Catalonia revolted and declared its allegiance to Louis XIII of France; and Roussillon was lost permanently. On the bright side, Philip was a patron of the arts, especially of Velasquez, one of Spain's greatest painters. Velasquez immortalized Philip, his queen, his children, and nobles of the court, as well some unusual subjects: court jesters, dwarfs, idiots, and beggars.

Estimated Value $15,000 - 20,000. 

  Realized $26,000

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Lot 934   Bolivia. "Royal" 8 Reales, 1650 P-O (Potosi). WR-4; KM-R19b. 26.68 grams. Philip IV, 1621-1665. Crowned Hapsburg shield. Reverse: Quartered arms of Castille and Leon in tressure. Some trivial doubling at shield's right, otherwise exceptional strike on choice metal. Flan nicely round, with handsome toning. Extremely Rare. This is the finest Royal of the period. NGC graded MS-62.

Estimated Value $20,000 - 25,000.

Provenance: Illustrated in Money of the World, coin 147. 

  Realized $32,000

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Lot 935   Bolivia. 'Royal' 8 Reales, 1652-P-E (Potosi). WR-5; KM-R21. 25.38 grams. Philip IV, 1621-1665. Crowned Cross of Jerusalem, quartering arms of Castille and Leon, all in quadrilobe. Reverse: Crowned pillars over waves. Some trivial edge porosity on reverse. Boldly struck up, with three dates visible. Flan almost round. Handsomely toned, with considerable eye appeal. Probably as struck. Extremely Rare. NGC graded MS-63. .

The "Royals" were struck on specially selected, round planchets with special dies - the dies not necessarily having the same designs and inscriptions as those coins of the same date and mintmark in the regular coinage. Some of the better specimens may have well been sent to Spain so that the king could see for himself what fine handiwork was being done at the various mints.

Estimated Value $15,000 - 20,000. 

  Realized $31,000

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Lot 936   Bolivia. 'Royal' 8 Reales, 1656-P-E (Potosi). WR-6; KM-R21. 27.49 grams. Philip IV, 1621-1665. Crowned Cross of Jerusalem, quartering arms of Castille and Leon, all in quadrilobe. Reverse: Crowned pillars over waves. Choice strike on excellent metal. Flan nice and round, albeit a little smallish. Three dates visible. A truly handsome "Royal." Extremely Rare. NGC graded EF-45. .

The "Royals" were struck on specially selected, round planchets with special dies - the dies not necessarily having the same designs and inscriptions as those coins of the same date and mintmark in the regular coinage. Some of the better specimens may have well been sent to Spain so that the king could see for himself what fine handiwork was being done at the various mints.

Estimated Value $10,000 - 12,500. 

  Realized $13,000

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Lot 937   Bolivia. 'Royal' 8 Reales, 1674-P-E (Potosi). WR-8; KM-R26. 26.46 grams. Charles II, 1665-1700. Crowned Cross of Jerusalem, quartering arms of Castille and Leon, all in quadrilobe. Reverse: Crowned pillars over waves. Choice strike on excellent metal. On very spacious, round flan. Three dates visible. Large and impressive. Extremely Rare. NGC graded EF-45. .

Charles II, the last of the Spanish Habsburg kings, was weak, both physically and mentally. His mother, Mariana of Austria, served as regent for him during his minority and continued to rule after his accession to the throne. Her favoritism for Austria aroused opposition and she was forced into exile in 1677 by Charles' illegimitate brother, John of Austria. Spain continued to lose its military power and suffered a severe decline in its economy, society, and intellectual life. Spanish nobles and the clergy gained political power and were granted tax exemptions, which placed a greater burden on industry and agriculture, causing an increase in emigration. Charles had no children and named Philip of Anjou, Louis XIV's grandson, as his heir. Philip's succession, as Philip V, provoked the War of Spanish Succession (1702-1713). The war was really about maintaining the balance of power in Europe. The English, the Dutch and others did not want France to become more powerful. They feared losing valuable commercial opportunities if the French controlled Spanish possessions in America. The war ended with the Treaty of Utrecht in 1713, by which Philip was recognized as king of Spain, but Spain had lost Gibraltar to England and Spain's Italian possessions and the Netherlands were given up to Austria. The treaty brought three decades of peace between the English and French.

Estimated Value $10,000 - 12,500.

Provenance: Ex: Irigoyem Collection. 

  Realized $14,000

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Lot 938   Bolivia. 'Royal' 8 Reales, 1684 P-VR (Potosi). WR-8; KM-R26. 25.71 grams. Charles II, 1665-1700. Crowned Cross of Jerusalem, quartering arms of Castille and Leon, all in quadrilobe. Reverse: Crowned pillars over waves. Fine strike, well centered, on excellent metal. Flan nice and round. Three dates visible. A very handsome "Royal." Rare, and one of the finest known. NGC graded EF-40. .

The "Royals" were struck on specially selected, round planchets with special dies - the dies not necessarily having the same designs and inscriptions as those coins of the same date and mintmark in the regular coinage. Some of the better specimens may have well been sent to Spain so that the king could see for himself what fine handiwork was being done at the various mints.

Estimated Value $10,000 - 12,500. 

  Realized $10,500

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Lot 939   Bolivia / Guatemala. "Royal" 8 Reales, 1690-P-VR (Potosi). WR-8 var.; KM-R26; cf. KM-96.1. 27.49 grams. Charles II, 1665-1700. Crowned Cross of Jerusalem, quartered arms of Castille and Leon, all in quadrilobe; inverted Type II Guatemala countermark at right upper quarter of arms. Reverse: Crowned pillars over waves. Well centered, bold strike on excellent metal. Flan nice and round, but a little tight. Three dates visible. Attractively toned and very pleasing. Very Rare and interesting. NGC graded EF-40. .

Note the countermark that was placed on the coin in the 1830's and '40's, when the Central American countries of Guatemala, Honduras, Nicaragua, and Cost Rica were attempting the fiction of a "United States of Central America." The effort was a dismal failure, but the necessity for the "country" to monetize whatever specie, bullion, old or foreign coin that was on hand resulted in many of the old Spanish reales being countermarked like the above piece.

Estimated Value $6,000 - 7,000. 

  Realized $6,000

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Lot 940   Bolivia. "Royal" 8 Reales, 1727 P-Y (Potosi). WR-10; KM-R35. 26.87 grams. Louis I, 1724. Crowned Cross of Jerusalem, quartering arms of Castille and Leon, all in quadrilobe. Reverse: Crowned pillars over waves. Well struck and centered, on small flan of excellent metal. Flan nice and round. Three dates visible. Legends nearly completely visible, and rare thus. A very handsome "Royal" of itself, let alone for this ephemeral king too. Extremely Rare - the rarest of all the Spanish kings. NGC graded MS-61. .

Philip V, the first Bourbon king of Spain, abdicated his throne in favor of his son Louis I in 1724. Unfortunately, young king Louis died the same year after a reign of only 7 months, with Philip resuming rule once more. Louis' coins are the Classic Rarity of the the vast Imperial Spanish coinages, even though the Potosi mint struck cobs in his name from 1725 to 1727. Mexico, the only other country to issue in his name, struck 8 Reales of the earlier type from 1724 to1725. To date, this is the finest 8 Reales of Louis I (Note: the holed example in Krause, p. 57, realized $30,000 in a Ponterio sale in the late 80's or early 90's).

Estimated Value $70,000 - 80,000.

Provenance: Illustrated in Money of the World, coin 150. 

  Realized $105,000

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May 2007 - Lot 3014 , Bolivia. Heart Shaped 8 Reales, 1729-M (Potosi). Calbeto-744; KM-31A. Philip V. 
Three dates visible on flan. Superb bold and clear example, tiny pierce at top. Extraordinary 
example of this great rarity. NGC graded VF-35. 
Estimated Value $25,000 - 30,000. 
Realized $22,500 

Colonial Lead Seals

Authentic Coin Jewelry

8 Reales

Sao Jose Shipwreck

Ring   China Trade Currency

unmounted  1 Reales

2 Reales in 14kt Gold

Santiago 1585

1715 Fleet Study Collection

El Cazador Caribbean  Florida 1700's maps

Colonial & Shipwreck Gold

Dry Tortugas Shipwreck

Art McKee

Royal Cob Research

Bob Allison Treasure Museum SS Central America

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