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Pleasing Pistole of Popayan, 1761

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Pleasing Pistole of Popayan, 1761

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Details

Colombia. 1761-J 2 escudos. Popayan mint. VF-30 (NGC). A ring of deep toning surrounds both sides, with the obverse periphery framed in a particularly attractive band of dark gold, copper, and pale green. Some hints of lustre persist within the legends. A good-looking example, lightly circulated but showing only a little mark at A of MAGNA atop the reverse that requires mention. This denomination was among the most popular gold coins in early America, known as a pistole and worth four Spanish milled dollars. In 1766, Benjamin Franklin reported to a German friend that "The coinage most current in the colonies in business is the Spanish pieces of eight and Spanish gold pistoles. The first are worth in England 4s. 8d., in the colonies 7s. 6d. The latter are worth only 27s. They would be higher, but generally they are so clipped and cut that their value has fallen." Dr. Franklin would have been quite pleased with this coin, which is unclipped and remains very close to its original weight.

Additional Information

Grading Service NGC
Grade VF30
Designation N/A
Mint Location N/A
Strike Type N/A
Circulated/Uncirc Circulated
Grade Add On N/A
SKU or Cert # 3744779001

Listed below are blog articles related to this product listing, if applicable:

Description

Details

Colombia. 1761-J 2 escudos. Popayan mint. VF-30 (NGC). A ring of deep toning surrounds both sides, with the obverse periphery framed in a particularly attractive band of dark gold, copper, and pale green. Some hints of lustre persist within the legends. A good-looking example, lightly circulated but showing only a little mark at A of MAGNA atop the reverse that requires mention. This denomination was among the most popular gold coins in early America, known as a pistole and worth four Spanish milled dollars. In 1766, Benjamin Franklin reported to a German friend that "The coinage most current in the colonies in business is the Spanish pieces of eight and Spanish gold pistoles. The first are worth in England 4s. 8d., in the colonies 7s. 6d. The latter are worth only 27s. They would be higher, but generally they are so clipped and cut that their value has fallen." Dr. Franklin would have been quite pleased with this coin, which is unclipped and remains very close to its original weight.

Additional

Additional Information

Grading Service NGC
Grade VF30
Designation N/A
Mint Location N/A
Strike Type N/A
Circulated/Uncirc Circulated
Grade Add On N/A
SKU or Cert # 3744779001

Related Blog Article(s)

Listed below are blog articles related to this product listing, if applicable:

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