Article by:

Mike Byers
mikebyers.com
Discoveries

Unique NGC Set of Three Paraguay Gold Overstrikes

This is a unique set of nineteenth century Paraguay patterns that were overstruck on previously struck gold coins. NGC recently certified another set which was published for the first time as a Mint Error News Magazine cover story.

Throughout history, some overstrikes were intentionally produced for several reasons. Sometimes overstrikes occur due to a coinage shortage. Another factor is the lack of available planchets to strike a new design.

In modern times, overstrikes are considered mint errors. Overstrikes are coins that have been struck over a struck coin. Generally speaking, there are two major types of overstrikes. The first type would be a double denomination (a Lincoln Cent struck over a struck Dime). Although these are overstrikes, they are referred to as double denominations and are known on many denominations of coins from many countries.

The second type of overstrike is a coin which is struck (either deliberately or as a mint error) on a previously struck coin from a different era and country. In ancient times, it was not uncommon to strike coins over previously struck coins with portraits of earlier Kings. In Colonial times, coins circulating were sometimes struck using other coins that were in circulation, regardless of whether they were from the country striking the coin or from a different country.

An example of a rare overstrike is a 1915 Panama Half Commemorative which was struck in Proof over a cut down St. Gaudens $20 gold piece. Another example is a rare overstrike from Mexico. It is a gold 8 Escudos struck over an earlier type and is listed in Krause as rare. The Panama Half and 8 Escudos were intentional overstrikes. There are also examples of unintentional overstrikes which are classified as mint errors.

The fascinating aspect of this unique set of Paraguay overstrikes is the fact that the dies used were unfinished pattern dies which had incomplete dates and that these patterns were struck over struck gold coins. These gold coins were from Peru, Chile and Argentina and are on different denominations with different dates. Several of the gold coins that were overstruck are either rare dates or rare types and were in spectacular condition when they were hand selected. There is no doubt that this was a presentation set that was struck in the Mint and preserved to this day in mint state condition. This set is one of the most historic, dramatic and unusual numismatic rarities ever struck by an official Mint.


18XX Pattern Paraguay Peso KM-PNE37 Gold
Struck on Peru 1863 8E - NGC MS 65





18XX Pattern Paraguay 50C KM-PND37 Gold
Struck on Chile 1852 10P - NGC MS 65





18XX Pattern Paraguay 50C KM-PND37 Gold
Struck on Chile 1852 10P - NGC MS 65





Another NGC Certified Set





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