Colombia (Nueva Granada) 1, 2, and 16 Pesos 1837 to 1848

A guy named Charlie sent us a picture of his 1842 Colombia gold 16 pesos. I was relieved to hear that it was authenticated, graded, and encapsulated by the Numismatic Guarantee Company (NGC). Many of the inquiries we get for truly rare coins are very likely counterfeits from China. Charlie's coin, obviously, is not. NGC stands behind their coins.

1 (UN) PESO: 14 mm diameter, 0.0475 troy ounces gold
2 (DOS) PESOS: 18 mm diameter, 0.0977 ounces gold
16 (DIEZ SEIS) PESOS: 36 mm diameter, 0.7596 ounces gold

To evaluate these coins, first compute the Base Value, or Bullion Value, (BV) as the value of the gold content alone. For instance, if gold is selling at $1200 US dollars per troy ounce (look it up at kitco.com), then the BV for a 2 pesos is 0.0977 x 1200 = $117, and BV for a 16 pesos is 0.7596 x 1200 = $911.

Here are some very approximate values for these coins:

1 PESO:
worn: BV
average circulated: BV + $50
well preserved: BV + $100
fully uncirculated: BV + $200

2 PESOS:
worn: BV
average circulated: BV + $50
well preserved: BV + $150
fully uncirculated: BV + $350

16 PESOS:
worn: BV
average circulated: BV + $100
well preserved: BV + $400
fully uncirculated: BV + $1000
16 pesos dated 1841RU and 1846UE are less common and are worth about $300 extra.
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