Cayón marks its 55-year history with the sale of Royal 8 Reals
Spanish auction house Cayón is celebrating its 55th anniversary on November 30th with a 55-lot auction of rare ancient and world coins, including a selection of Spanish-related material.
The auction takes place exactly 55 years after the company’s first auction in November 1967. By announcing the sale, the company expressed its gratitude to past and current employees and customers.
“And above all, we are grateful to our father Juan R. Cayón, a pioneer in almost every way, a tireless dealer, numismatist and book enthusiast, and a great father who remains active, attentive and dedicated to coins, medals and banknotes, which were his Passion from childhood,” says a statement from the company.
The total number of items offered in all of the Company’s auctions, including the forthcoming anniversary auction, is at least 706,240 items in 393,693 lots, according to the Company’s research; The company notes that its balance sheet may have missed up to 10 auctions.
Special item in the sale
A highlight of this anniversary auction is an 8 Real silver coin from 1613/2 from Mexico City.
The under Philip III. The minted coin features a rotated 2 in the die and is one of the popular precisely minted examples known as royals.
The unique specimen is encapsulated by Numismatic Guaranty Co. with About Uncirculated Details, a hole prevents it from being a “straight line” coin.
In the early 1600s, these correctly weighted coins were minted on broad, round, sometimes even convex, planchets. The minting was meticulous in engraving and execution and most importantly striking with a full impression compared to the coarser coins that preceded them.
The resulting coins were popular and technically excellent, but too laborious and costly to produce, limiting the number of royals minted. Many of the royals have a hole that matches the figure of the cross on the back.
Among the many theories about their purpose is that the royals may have been intended for religious purposes, the auction house said, with wealthy adherents of the faith shouldering the extra expense needed to produce them.
The coin has an opening bid of €30,000 ($30,225).
Connect to Coin World:
Sign up for our free eNewsletter
Access our dealer directory
Like us on Facebook
Follow us on Twitter