271, Lot: 184. Estimate $10000. Sold for $16000. This amount does not include the buyer’s fee.

SPAIN, Reino de España. Fernando VII. Second reign, 1813-1833. AV 320 Reales (36mm, 26.98 g, 12h). Madrid mint. Dated 1823-SR. • FERN • 7° POR LA G • DE DIOS Y LA CONST, bare head right; •1823• below / REY DE LAS ESPAÑAS •, crowned coat-of-arms; 320 Rs across field; all within Collar of the Order of the Golden Fleece; •(crowned M)• to lower left, S•R• to lower right. ME 16510 Calicó 37; Friedberg 319; KM 566. EF, lustrous, typical weak strike at the highest points, some copper stains near the rims. Very rare.

Property of Princeton Economics acquired by Martin Armstrong. Ex Stacks (3 December 1996), lot 1526.