NGC Certifies Spanish Gold Rarity from Majorca

Posted by NGC on 1/12/2010

NGC recently graded the finest known example of a legendary Spanish rarity, the 8 Escudos of Charles II from the Spanish Mediterranean Island of Majorca.

NGC recently certified an extremely rare gold 1689/72 Spanish 8 Escudos struck on the island of Majorca. It is the only known crown-size gold coin of the Cob era struck in Majorca, and graded NGC XF45, with a strong, full strike and abundant underlying luster.

The Calico "Onza" book describes the coin as unique. The 1879 edition of Numismatica Balear by Alvaro Campaner included this coin, illustrating it with a line drawing. A counterfeiter, relying only on the illustration as his model, produced a meticulous replica from which these coins are perhaps better known. The unique genuine example resided in the Marquis of Palmer collection, as noted by Campaner, and recently sold as part of the Caballero de las Yndias collection, one of the largest private collections of gold coins from Spain and Latin America. This sale is believed to be the only time the piece has ever been publicly offered for sale.

NGC was privileged to certify this rare specimen.

click image to enlarge