One of the rarities of the early milled series, described as "very rare" by Restrepo and "pocos ejemplares conocidos" (only a few specimens known) in the Calicó Onza book. Choice medium yellow gold with abundant cartwheel at the obverse periphery and around the reverse. Well struck and truly problem free, showing only the most trivial marks and a few scattered hairlines. Two minor laminations are seen on the reverse, one at IN of NOMINA and the other at EQ of SEQUOR. The planchet flaws, along with minor die flaws like the bulge in the lower right obverse field, are evidence of difficulties that remained in the coining process even two years after the conversion from hammered to milled production. The Eliasberg specimen of this issue was graded AU-58 (NGC) and brought $6,450 in 2005. From the Eldorado Collection of Colombian and Ecuadorian Coins.<p>From Kurt Spanier, December 1983.<br /><p>
