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I Think I Found The Real Gem In These Foreign Coins

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Dennis B-migration

943 views

And I still don't know a great deal about it!

I've been slowly but surely working my way through my buddy's stash of foreign coins. Up until a few days ago I had thought that the 1898B Chopmarked British Trade Dollar was the real find in the lot but I now believe I may have been wrong. As I worked my way through the coins, country by country, I ran across one coin that had no country affiliation written on it just "En Barcelona, Peseta, 1810". I put it aside because it struck me as odd and I continued on my merry way. Last weekend I finished pretty much cataloging the easily identifiable coins so I started looking at the coins that did not seem to fit in anywhere. Needless to say, I came back to the 1810 Peseta. The coin has a little bit of gold toning to it and is particular great shape for its age but I still was at a loss for any details about it. I had to do some digging to pin it down and I am sure glad I did.

As it turns out, the coin was minted while Spain was under French rule, 1809-1814. The emperor was Jose Napoleon. The coin is silver and apparently very rare. I managed to find some like coins in lesser condition being sold at auction for anywhere from $250 to $1000. Moreover, just to boot, it appears that the 1810 mintage of the coin is one of the rarer years. I have not found any mintage numbers on the coin or any in the series yet but the coin is definitely not common. I am sitting on the coin for the time being. I do have my Early Bird grading certificates still and I am toying with the idea of sending it in for grading on my friend's behalf. I have not told him about the coin either. I am saving that as a surprise for him. I have already put several hundred dollars of proceeds into my friend's hands, considerably more than he paid for the coins. He is also talking to me about a stash of U.S. coins he has at which he wants me to look. (Yes, I am excited, actually very excited, about that, hoping he really does not realize what he has and I can score a nice find.)

Anyway, I would love to know more about the coin if anyone has any information. I am also interested if you think it would be worth having it graded. I also realize that the World Coin Price Guide here may actually understate the value of the coin. So, here are the pictures of the coin. Thank you in advance for helping me out on this one.

Have a great day,

Dennis

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