In November, Daniel Frank Sedwick, LLC’s Auction 28 presented an 8 Escudo Royal, the last date of the KM-R57.1 type issued in the name of Philip V with the “MXo” mintmark. This Royal 1713 MXo J 8 Escudos is a brilliant piece, graded MS-66 by NGC. Bearing a respected provenance from its long time in the Isaac Rudman collection, this piece is one of only two known examples of this date and denomination. As the finer of the two, it is not a shock that it sold well above its base estimate, closing for $396,000 including fees.
This is an example of a Spanish Colonial Cob, crudely minted coinage 1570-1770s.
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