Lot 990
Chile. 8 Reales, 1787 So-D.A. (Santiago). Eliz-36; WR-3; KM-31. 26.90 grams. Charles III, 1759-1788. Laureate, draped, and cuirassed bust of Charles III right. Reverse: Reverse: Crowned Bourbon arms, flanked by bannered pillars. The strike choice, with virtually complete centers. Devices lustrous and glossy, on reflective fields. Very Rare, even more so in this state of preservation. The finest known specimen. NGC graded AU-58.
The mintage figures for colonial 8 Reales in Chile were far lower than most of the other Spanish colonies. Far less trade was being conducted by the Spanish. This makes this type very scarce.
Estimated Value $14,000 - 16,000.
A nearly comparable example, in AU, realized $12,000 in a Ponterio sale in January of 1991.
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| Realized $25,300 |
