1827 FM Republic of Columbia Gold Liberty Escudo NGC AU58 Eliasberg Pedigree

Description

1827 FM Republic of Columbia Gold Liberty Escudo NGC AU58 Eliasberg Pedigree.
Columbian Gold History
Spanish exploration of the northern-most region of South America commenced about 1500. This territory encompassed not only present-day Colombia, but also Venezuela, Ecuador and even Panama, all of which were at one time part of Colombia. The Spaniards designated the region as El Nuevo Reino de Granada, the “New Kingdom of Granada.” The Indians called the settlement on the high plain Bacatá, which conquistador Gonzalo Giménez de Quesada later renamed Santa Fe de Bogotá in 1538.1 This was El Dorado, the land of undiscovered treasure, named for an Indian chief who, according to legend, was annointed with gold dust and surrounded by gold and jewels at Lake Guatavita near Bogotá. Though El Dorado was never found, gold was indeed abundant in the area, waiting to be mined; silver was mined in small quantities, but only as a by-product of gold extraction. This fact may explain why all Colombian silver cobs are rare and why Nuevo Reino was the first mint in the Americas authorized to produce gold coins.
Obverse
Draped bust of Liberty left, wearing headband.
Lettering:
REPUBLICA DE COLOMBIA
1827
Reverse
Fasces with crossed bow and arrow flanked by cornucopias.
Lettering:
POPAYAN
1 • E * F • M
Guaranteed Genuine
Capstonecoins
Austin TX 78717