Lot 1028
Colombia - Republic. 8 Escudos, 1827-JF (Bogota). Fr-67; KM-82.1. 26.99 grams. Liberty type. Draped bust of Liberty left, with brooch and earring. Reverse: Fasces bound with bow and arrows, between twin cornucopiae. Above average, but typically soft strike for series. Very lustrous, with minimal marks. NGC graded MS-61.
Escudo is translated as "shield" in Spanish. It was introduced as a gold coin in 1566 and was valued as 16 Reales. It was used in Spain until 1833, but remained in use in various Latin American countries until the 1870's. Around this time it became a silver coin in Spain and replaced the Real. This seems to be an example of 19th century inflation.
Estimated Value $1,250 - 1,500.
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| Realized $3,565 |
