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Attractive Circulated 1793 1 Escudo, ex Eric Newman

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Attractive Circulated 1793 1 Escudo, ex Eric Newman

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From the Eric P. Newman Collection, with a ca. 1935 envelope, likely from B.G. Johnson and perhaps earlier from the Col. E.H.R. Green Estate. The Newman envelope also grades this piece "Very good" and prices it at $7.50. The mint (Popayan) is added to the typed description in Newman's hand.

Details

Colombia. 1793-JF 1 escudo. Popayan mint. VG-10 (NGC). Evenly worn, problem free, and attractive for the grade. Medium yellow gold surfaces show no notable marks, with just a hint of coppery toning among the reverse periphery. That a soft gold coin could receive this much honest wear without a single contact point of consequence is impressive indeed. 1793 is an important date to collectors of the world coins that circulated in early America. The Act of February 9, 1793 regulated and assigned legal tender status to several different kinds of foreign coins (including Spanish gold) and required that any such coins paid into the coffers of the U.S. Treasury be recoined at the US Mint. The world coins named in the 1793 act (coins from England, Spain and its colonies, Portugal, and France in particular) were to be legal tender for a period of three years thereafter; in fact, they remained legal tender for payments to the government until 1857 and circulated freely for several years thereafter. This one may have circulated for decades at a value just below $2.00, making it a fine counterpoint to a collection of early products of the U.S. Mint.

Additional Information

Grading Service NGC
Grade VG10
Designation No
Mint Location No
Strike Type Business
Circulated/Uncirc Circulated
Grade Add On No
SKU or Cert # 2039326030

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Description

Details

Colombia. 1793-JF 1 escudo. Popayan mint. VG-10 (NGC). Evenly worn, problem free, and attractive for the grade. Medium yellow gold surfaces show no notable marks, with just a hint of coppery toning among the reverse periphery. That a soft gold coin could receive this much honest wear without a single contact point of consequence is impressive indeed. 1793 is an important date to collectors of the world coins that circulated in early America. The Act of February 9, 1793 regulated and assigned legal tender status to several different kinds of foreign coins (including Spanish gold) and required that any such coins paid into the coffers of the U.S. Treasury be recoined at the US Mint. The world coins named in the 1793 act (coins from England, Spain and its colonies, Portugal, and France in particular) were to be legal tender for a period of three years thereafter; in fact, they remained legal tender for payments to the government until 1857 and circulated freely for several years thereafter. This one may have circulated for decades at a value just below $2.00, making it a fine counterpoint to a collection of early products of the U.S. Mint.

Additional

Additional Information

Grading Service NGC
Grade VG10
Designation No
Mint Location No
Strike Type Business
Circulated/Uncirc Circulated
Grade Add On No
SKU or Cert # 2039326030

Related Blog Article(s)

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

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