1794-So Chile Gold 8 Escudos NGC MS61

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1794 Chile Gold 8 Escudos – Tied For Finest Known at NGC

Look at that luster – after 225 years, this beautiful Gold 8 Escudos coin from Chile still shines! Struck during the American presidency of George Washington, this coin has a history that we can only guess at. Coins like this circulated heavily around the entire world, including North America where they were accepted as official legal tender by the United States government until 1857!

For many of these coins, those long years of service meant destruction by being worn down in commerce or melted down to create new coins (including U.S. coins!). But not this piece – as one of just 40,000 struck in 1794 at the Spanish Colonial mint in Santiago, it has survived the years and today has been graded by the Numismatic Guaranty Corporation (NGC) as being in incredible Mint State-61 (MS61) condition.

To give you an idea how scarce this coin is – especially in such fabulous condition – NGC has graded just 12 of these coins. Just 12! And, as one of only five such coins to earn a Mint State grade, this 1794-So Gold 8 Escudo is tied for second highest ever graded, and the finest known at NGC.

Another interesting tidbit about this coin is that even though this Gold 8 Escudo was struck in 1794 during the reign of King Charles IV, it features the bust of his father King Charles III, whose 29-year reign ended in 1788 – six years before these coins were struck! The Santiago mint never got around to using the bust of Charles IV on its 8 Escudo coins, continuing instead to use the bust of Charles III.

It’s an incredible piece of history from the Santiago Mint in Chile. Order now and make it yours!

Year of Issue 1794
Country Chile
Composition Gold
Purity 0.8750
Condition Graded
Grade MS63
Denomination 8.00
Currency Type Escudo
Coin Weight 27.07 Grams - g
Weight 3/4 Ounce - oz
Dimensions 37mm