CNG 112, Lot: 725. Estimate $2500. Sold for $3750. This amount does not include the buyer’s fee.

CHILE, Colonial. Fernando VI. King of Spain, 1746-1759. AV 8 Escudos (37mm, 27.05 g, 12h). Santiago mint. Dated 1750 So J. Armored and draped bust right / Crowned coat-of-arms within Collar of the Order of the Golden Fleece. Calicó 730; KM 3; Friedberg 5. Rich yellow tone with flashes of underlyiing brilliance, some light earthen deposits and a few very light hairlines. EF. Well struck.

From the G.W.K. Roberts Collection. Reportedly ex Río de la Plata treasure.

The River Plate Treasure is believed to be the cargo of the Nuestra Señora de la Luz, a Spanish-Portuguese treasure ship that foundered in a storm off Montevideo on 2 July 1752. Although most of the precious cargo was salvaged soon after the wreck, some 2000 gold coins and ingots were recovered in 1992, and part were sold by order of the Uruguayan government.