Breen-979 variety, a rare and popular issue and perhaps the most affordable of the colonial ‘exotics’.
Our own detailed census information on this type reveals a half dozen pieces that are holed, re-engraved, graffitied or damaged (including one piece which has been inexplicably graded AU55 by PCGS despite the fact that it has a square jewelry mount in the central reverse), and another 20 in low grades, many with very rough surfaces, verdigris or other problems.
That leaves about a dozen unimpaired pieces in VF or better for collectors seeking an example for a type set, including this well-pedigreed piece.
And while this one is not perfect, it is well detailed, with pleasing golden brown color and just a fewer relatively unobtrusive marks scattered about, the most noticeable of which is the small nick at the left base of the obverse crest which allowed us to trace this coin to an auction 56 years ago.
In all, a nice example of an issue which rarely comes better (and if it does, it’s likely to run you twice this price).
Ex-August 1952 ANA Catalog, lot #2413, and there described as having been in the collections of Carl Wurtzbach and Virgil Brand.
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