Lot 1013
Chile. Republic. "1 Peso", 1867 So (Santiago). Eliz-113; WR-14; KM-141. 24.70 grams. Plume mounted shield, bearing star, within broad laurel wreath; 1 PESO below. Reverse: Condor stands left on mountainous outcrop, oval shield at feet. Centers a little soft as is typical, while outer fields and edges are crisp and clean. Lovely light iridescent toning, with muted golds, magentas, and blues. Probably a proof striking rather than a proof-like uncirculated. The fields are mirror, and extraordinarily free of marks. Extremely Rare in this grade.
The Proof or Specimen stiking probably unique, with none known in Uncirculated. Less than two dozen known in all grades. NGC graded Specimen 65.
The term "Peso" meaning weight in Spanish and Portuguese, appeared first in Latin America and was later adopted in Spain in 1864. It was a decimal term, meaning 10 Decimos or 100 Centavos equalled one Peso. The value "Peso" often replaced the earlier "Real". The Real was not a decimal term. Smaller denominations were just fractions of the Real (1/4 Real, 1/2 Real, etc.).
Estimated Value $15,000 - 20,000.
Ex: Henry Christensen.
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| Realized $27,600 |
