1747 Ferdinand VI gold escudos sells for $235,000

A 1747 Ferdinand VI gold 8 escudos has sold for $235,000 at Heritage Auctions.

The lot led a sale of world and ancient coins in Chicago on August 13.

Ferdinand escudos HA
The gold 8 escudos was issued in Guatemala in 1747

Minted in Guatemala in a run of around 127 pieces, the coin is a particularly fine example of a Spanish colonial era escudos.

Heritage comments: "It should logically be considered among the more valuable 8 Escudos of Ferdinand VI, especially when one considers the decaying workmanship of the later issues, due to both failing minting equipment that forced the use of smaller flans, which often leave the date or other important information out."

An 1812 Mexican Ferdinand VII gold 4 escudos made $111,625.

The lot is one of a series of coins issued by the royalists during the War of Independence (1810-1821).

The auction house explains: "The Guadalajara mint gold issues are in a class of their own: Guadalajara was the only provisional royalist mint authorized to issue gold coinage, and did so in very limited quantities…

"As a whole, the Guadalajara Colonial gold series is therefore among the more significant of the entire Spanish Colonial gold series."

We have a fascinating selection of rare coins for sale.

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