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Coins: US
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Collections, Lots
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FIRST AMERICAN RARE GOLD COIN
| Start Price |
USD 4,000.00 |
| Current Price |
USD 4,000.00 |
| Time Left |
- |
| Bid Count |
0 |
| Buy It Now Price |
- |
| Reserve Price |
- |
| Start Time |
Tuesday, July 15, 2008 |
| End Time |
Tuesday, July 22, 2008 |
| Location |
Fort McCoy, FL |
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See more about 'FIRST AMERICAN RARE GOLD COIN'
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Description
AMERICA'S FIRST GOLD COIN SPANISH-AMERICAN GOLD COINS COMPLETE FIVE COIN SET IN 1492-1849 SPAIN JOINED A VIRTUAL MONOPLY ON WORLD GOLD PRODUCTION. SPAIN'S GOLD-RICH COLONIES IN THE AMERICA'S WERE USED TO PRODUCE BULLION FOR SPANISH MINTS LOCATED IN MEXICO AND SOUTH AMERICA. THE LARGEST GOLD COIN STRUCK WAS THE 8 ESCUDO -- THE "PIECE OF EIGHT" OF PIRATE LORE. THE ESCUDO WAS ALSO STRUCK IN DENOMINATIONS OF 4, 2, 1, AND 1/2 TO MAKE A FULL RANGE OF GOLD COINS. THE UNITED STATES USED THE ESCUDO AS A MODEL FOR OUR GOLD COINAGE. THE VARIOUS ESCUDOS WERE COMPARABLE TO THE GOLD EAGLE, EAGLE, HALF EAGLE, AND QUARTER EAGLE, WITH THE HALF ESCUDO EQUAL TO THE GOLD DOLLAR. THE GOLD DISCOVERED IN CALIFORNIA PROVIDED BULLION FOR THE NEW UNITED STATES COINS. THESE COINS WERE NEEDED TO SUPPORT THE GROWING ECONOMY EVEN THOUGH GOLD ESCUDOS CONTINUED TO BE LEGAL TENDER IN THE UBITED STATES UNTIL 1857. THE ESCUDO WAS USED IN CALIFORNIA AND THE SOUTHWEST UNTIL THE LATE 19TH CENTURY. THE KING OF SPAIN AND THE YEAR ISSUED APPEARS ON THE OBVERSE. THE NAME "ESCUDO" ON THE REVERSE MEANS "SHIELD" IN SPANISH AND REPRESENTS THE ROYAL SPANISH SHEILD. THE FIVE COINS IN THIS SET RANGE FROM THE HALF ESCUDO, WHICH HAS THE M / S MINT MARK, TO THE 8 ESCUDO. THEY CIRCULATED IN THE TIME OF EARLY AMERICA AND ARE ALMOST UNCIRCULATED TO EXTREMELY FINE CONDITION. COMES IN THEIR OWN CAPSULES AND MAHOGANY BOX 22 carat --- weight on thes coins are as follows: 1/2 = 1.9 grams 1 = 3.4 grams 2 = 6.8 grams 4 = 13.5 grams 8 = 27.0 grams
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