A rare Canada one cent 1936 coin will be offer for bid in an auction by Heritage Auctions in their April 18-23 CICF World & Ancient Coins Signature® Auction at the Crowne Plaza Hotel in Rosemont, IL. The coin also known as "King of Pennies" by Canadian, the most famous coin in Canadian numismatics and one of just three known. The 1936 Canadian Dot Cent, graded MS63 Red by PCGS, being the one stolen from the Pittman home in 1964 and later returned (with scratches in the right obverse field) in an envelope with other coins.
On 4 January 2010, a 1936 dot cent auctioned by Heritage Auction Galleries in New York for a record price USD$402,500. You can read about it here; Rare Canadian Penny sold in Auction.
The legendary Pittman-Krause 1936 Canadian Dot Cent is expected to bring more than $250,000.
In early 1936, George V passed away and was succeeded by his son King Edward VIII. As was common practice, for the remainder of 1936 the coinage continued to have the effigy of King George V. Toward the end of the year, models were made and dies produced with the effigy of King Edward VIII, but upon Edward's abdication the dies were no longer valid and a severe shortage of Canadian 1, 10, and 25 cent pieces arose in early 1937. Because of the shortage, Canada was forced to continue producing coins dated 1936 with the portrait of King George V. Canadian authorities felt a need to distinguish this 1937 mintage from the 1936 production, and a small Dot was placed on the reverse of the 1, 10, and 25 cent coins. The Dot is below the date of the 1 cent coin, and under the bow on the wreath of the 10 and 25 cent coins. History tells us that only the 25 cent piece was placed in circulation and that three pieces of the Dot cents are the only surviving examples.
On the same auction, a 1732 Felipe V Pillar 8 Reales, Mo-F, AU58 PCGS, the first Pillar Dollar produced is expected to bring more than $50,000.
Felipe V, the first king of the Spanish-Bourbon dynasty (which still reigns today), was actually twice in power. The first period was from 1700 to 1724, when he abdicated in favor of his oldest son Louis I. His untimely death in 1724 brought Felipe back to the Spanish throne, where he remained until his death in 1746. It was in 1732, during Felipe V second reign, that the gold coinage of Mexico was changed from the cob to the portrait or bust type. Silver coinage also changed from the cob to the pillar or columnar type. On March 29, 1732, the striking of circular coins authorized by the royal decree of 1728, began at the Mexico City Mint and the first "Pillar" was struck.
On the obverse, the design included the crowned pillar of Hercules and between them two globes surmounted by a crown, resting above a wavy ocean which points to the separation of the two worlds. Around the edges "Utraque Unum" (Both are One).
On the reverse are the crowned coat of arms of Castile and Leon with the Bourbon shield superimposed. The legend reads Philip.V.D.G.Hispan.Et.Ind.Rex, the value "8" as well as the Assayer's initial "F", are both located between rosettes.
Striking of the Pillar 8 Reales was later extended to several Spanish colonies and circulated widely throughout the Americas being legal tender in the United States during several decades of the 18th century. The Pillar 8 Reales remains one of the most popular and beloved coins amongst collectors today. The specimen presented here is one of the greatest and rarest Pillar 8 Reales that exists. In near Mint State condition, this coin has beautiful and colorful toning and it will undoubtedly become a showcase piece for the most advanced collection.
Source: Heritage Auction.
