World Gold - 1778NG P 8 Escudos Guatemala NGC AU Details (Ex.Rare issue!)

1778 8 Escudos from Guatemala (Cal. 5) (Cal.Onza 669, mismos cuños) (C.C. 458). Bella. Parte de brillo original. Rare First issue with mint mark NG. Very rare and almost extremely fine. Muy rara.

Last appearances at public auction (this coin)

April 22, 2009 - Stacks Saint Ludovico and Firth of Clyde Collections, Lot 2876 where it realized $13,000 hammer ($15,600 invoice with buyer's fee).

January 15, 2007 - Stacks George Gund III Collection, Lot 3255 where it realized $12,500 hammer ($15,000 invoice with buyer's fee).

In this sale, it was described as "...GUATEMALA. Carlos III, 1759-1788. 8 Escudos, 1778 NG P. Nueva Guatemala. Armored bust r. Rv. Crowned Arms in Collar of the Golden Fleece. Fr.10, Cayón 12090. Here is a significantly rare Guatemala strike of the standard type for the Gold coinage of this reforming Bourbon monarch. A very bold strike creates splendid overall detail. A glass finds some wispy hairlines. About Uncirculated. (Estimate: 12,000-15,000)"

Hard to determine Fair Market Value for a "repaired" ultra rarity, but we feel half price is reasonable. As a matter of record, the last auction record we've located for a 1778 Guatemala 8 Escudos occurred in January of 2021 where a NGC AU50 brought $12,000. This issue should NOT be confused with the 8 Escudos coins of the same yeear struck at different mints (Mexico, Madrid, Lima, Columbia, Santiago, etc).