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Clapp-Eliasberg 1771 Mexico 2 escudos "Rat Nose" Rarity

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Clapp-Eliasberg 1771 Mexico 2 escudos "Rat Nose" Rarity

In stock

SKU: 2784562011

$2,300.00

Details

Mexico. 1771-MF 2 escudos. Mexico City mint. Carlos III. VF-35 (NGC). The John H. Clapp specimen of this rare issue, the final "Rat Nose" 2 escudos of Carlos III. Last offered in the 2005 Eliasberg sale as an NGC EF-40 (apparently broken out and resubmitted much later), this piece brought $2,300 in that landmark event. I described it at the time as "medium gold with orange highlights at the rims, very faint scratch left of shield on reverse. Rare and desirable, the last year of the 'rat nose' bust before the standard bust appeared in 1772." Clapp was the foremost collector of Latin American gold coins of his era, specializing in the series to the exclusion of nearly all other coins from the WWI era until the end of his life. The Clapp collection was purchased intact by Louis Eliasberg in 1942, and this coin did not change hands again until a decade ago, at which time it was acquired by renowned Latin American collector Isaac Rudman. The "Rat Nose" type is avidly sought after, well displayed on the obverse of this attractive lightly circulated piece. A 2 escudos piece such as this (also called a pistole) would have been relatively commonplace in early America.

Additional Information

Grading Service NGC
Grade VF35
Designation No
Mint Location N/A
Strike Type Business
Circulated/Uncirc Circulated
Grade Add On No
SKU or Cert # 2784562011

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

Description

Details

Mexico. 1771-MF 2 escudos. Mexico City mint. Carlos III. VF-35 (NGC). The John H. Clapp specimen of this rare issue, the final "Rat Nose" 2 escudos of Carlos III. Last offered in the 2005 Eliasberg sale as an NGC EF-40 (apparently broken out and resubmitted much later), this piece brought $2,300 in that landmark event. I described it at the time as "medium gold with orange highlights at the rims, very faint scratch left of shield on reverse. Rare and desirable, the last year of the 'rat nose' bust before the standard bust appeared in 1772." Clapp was the foremost collector of Latin American gold coins of his era, specializing in the series to the exclusion of nearly all other coins from the WWI era until the end of his life. The Clapp collection was purchased intact by Louis Eliasberg in 1942, and this coin did not change hands again until a decade ago, at which time it was acquired by renowned Latin American collector Isaac Rudman. The "Rat Nose" type is avidly sought after, well displayed on the obverse of this attractive lightly circulated piece. A 2 escudos piece such as this (also called a pistole) would have been relatively commonplace in early America.

Additional

Additional Information

Grading Service NGC
Grade VF35
Designation No
Mint Location N/A
Strike Type Business
Circulated/Uncirc Circulated
Grade Add On No
SKU or Cert # 2784562011

Related Blog Article(s)

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

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