50 reales 1618, Segovia

50 reales 1618, Segovia

50 Reales 1618, Segovia

Period: Baroque

Country: Spain

Ruler: Philip III

Denomination: 50 reales

Mint: Segovia

Weight: 178 g

Quality: EF (EBC)

Auction house: Aureo & Calicó

Date: 16 March 2017

Starting price: 25.000 euros

Historical context

50 real coins are also known among Spanish collectors as “cincuentines“. They are huge silver coins that were only produced in Segovia mint. There is no doubt that the cincuentines -and the 100 escudos “centenes“, their gold version- represent the zenith of the Spanish coins. They were produced in very small quantities and kept by the nobility and other wealthy people as an item to be shown off. All the cincuentines are undoubtedly rare. The date 1618 is the most common one among the 50 real coins, but even though there are less than 20 confirmed examples including those in public holdings.
Here you can find more information about the 50 reales 1618 from Segovia.

Market

Nowadays, the 50 real coins are very well known all around the world. Very important public and private collections count with a cincuentín from Segovia. The price of these coins clearly increased during the last 10 years, but it is still very difficult to estimate. As an example, we can see another 50 reales 1618 that was auctioned by Áureo & Calicó in 2014 for 90.000 euros, while that same one specimen only reached $48.000 last January. On the other hand, another specimen was not sold for 25.000 euros in 2015 while a year later it was auctioned for 38.000 euros. We can also take into account that a 50 real 1620 EF was hammered by Áureo & Calicó in 2014 for 40.000 euros and this 50 reales 1623, of similar quality, was hammered for 53.000 euros in 2015. As 1620 and 1623 are more scarce dates than 1618, I consider that a reasonable hammer price for the coin in the auction is between 30.000 and 40.000 euros.

Description from the seller

1618/7. Felipe III. Segovia. A. Cincuentín. (Cal. 80, imagen de portada). 178 g.
Insignificante hojita. Preciosa pátina. Parte de brillo original. Magnífico, es el segundo cincuentín más bello que conocemos. Ex Áureo & Calicó, Selección 2008, nº 119. Rarísima así. EBC.

Source

4 Comments

  1. LeoNo Gravatar 4 months ago

    Fabulous coin! I wonder what is the impact of the rarity on its price, i.e. a moderately wealthy collector would seek to own one of these, regardless of its date. Is there anybody out there looking to complete a date run of cincuentines, and thus willing to pay a premium for a 1620 instead of a 1618?
    Perhaps I don’t grasp the psychology of the very wealthy collector, always preferring the rarest and most exclusive.

    • Author
      Adolfo Ruiz CallejaNo Gravatar 3 months ago

      All the cincuentines are very very rare, so even if 1618 is the commonest it is still very rare. Many collectors would like to have one cincuentin simply because they cannot even dream about affording more than one. For this reason, they will not pay a premium for 1620 instead of 1618. However, there are a few collectors who have a collection of cincuentines. For example, one collection of 13 cincuentines was sold in Spain in 2015.

  2. daniel garciaNo Gravatar 3 weeks ago

    hi, i have a cincuentin coin but is not complete, looks like it was in the bootom of the ocean for too long. how can i know the value of it?

    • Author
      Adolfo Ruiz CallejaNo Gravatar 3 weeks ago

      I highly doubt that a cincuentin was in the bottom of the ocean for long time.

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