1065
Potosí, Bolivia, special "zoomorphic" presentation-issue cob 2 reales, 1735E, in the form of a two-h
Currency:USD
Category:Coins & Paper Money / World Coins - World
Start Price:25,000.00 USD
Estimated At:25,000.00 - 35,000.00 USD
NOT SOLD (BIDDING OVER)
0.00USD
This item WAS NOT SOLD. Auction date was 2009 Oct 15 @ 18:00UTC-4 : AST/EDT
All items are genuine unless noted. Most shipwreck coins and artifacts come with a certificate of authenticity (please check the description for each item.
Buyer's fee
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Potosí, Bolivia, special "zoomorphic" presentation-issue cob 2 reales, 1735E, in the form of a two-headed condor, unique and important. S-P46, KM-29a, CT-1358. 9.6 grams. A major highlight of this sale, showing just how skilled the craftsmen at the mint could be, as the planchet for this coin was carefully cut to mirror the coat-of-arms of Potosí--principally a two-headed condor--and was struck deeply once to get the main design and then several more times around the edge with just parts of the dies in a very artistic way, sometimes even upside-down, even going so far as to place dots for the condors' eyes! The Potosí coat-of-arms (which mirrored that of the city of Toledo in Spain) is an intentional double entendre using both Habsburg and native Andean imagery, which were eerily similar and differed only in the type of bird, eagles being common in Spain and condors being common in Peru. In effect this coin is a presentation issue that goes beyond the level of Royals and even Hearts, and so we surmise it had a very special purpose. We note with interest that in that same year for the first time a representative of the Inca natives, Don Alberto Chosop, was granted an official position in the Spanish government, so perhaps this was a welcome gift for him. Another possibility is that this issue is linked to the naming of José Antonio de Mendoza as Viceroy of Peru in 1735. In any case we know from other pieces that this assayer, Estéban Gutiérrez de Escalante, was in the habit of making special numismatic works of art, not just Hearts and Royals but also a famous llama 4 reales of 1734 (much simpler in craftsmanship than the present item), sold by Ponterio in 1995 for $18,000 (worth considerably more today). Actually our two-headed condor piece has also appeared at auction before, but in the form of a cast counterfeit in Almanzar's December 1976 sale. We can trace the ownership of our coin, by all accounts the genuine original from which the counterfeit was cast, back to that time, when it must have left the estate of a Bolivian family with noble roots and entered the numismatic world, passing through the hands of some important numismatists like Carlos Janson of Argentina. We feel this unique coin, XF+ with beautiful natural toning, truly has no limit to value, but for comparison we point to the second-to-last entry in Lázaro's book on Royals and other special presentation coins, an eagle-shaped 8 reales of 1752, to which the author gave a value of $80,000 in 1996. In terms of zoomorphic cobs (which, by the way, all have weights that do not necessarily correspond to their denominations), if the eagle is the most valuable 8R and the llama is the most valuable 4R, then by all rights our two-headed condor should be the most valuable 2R and deserves a place with the two larger coins as the sine qua non of Potosí cobs. We congratulate the new owner in advance.
Auction Location:
P.O Box 1964, Winter Park, Florida, 32790, United States
Previewing Details:
SESSION #2: Thursday, October 15, 4:30 pm EDT
• Silver cobs of Mexico #684-764
• Silver cobs of Lima, Peru #765-876
• Silver cobs of La Plata/Potosí, Bolivia (Shield type) #877-965
• Silver cobs of Potosí, Bolivia (Pillars-and-waves type) #966-1160
• Other silver cobs by country #1161-1207
• World silver coins by country (Argentina-Cuba) #1208-1376
• World silver coins by country (Curaçao-Panama) #1377-1534
• World silver coins by country (Peru-Venezuela) #1535-1608
• Medals by country #1609-1615
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