Rare Proof for $10!

[coinsareawesome]

Went to one of my favorite antique stores yesterday and picked out the usual, a pound of world coins for $10. I usually have some luck with them but I didn't know how lucky I actually was going to be today. Got a few good coins- 1895 10 Rappen from Switzerland, Old Turkish 10 Paisa, and 1884 and 1888 Canadian one cents. Then out it came; the best coin I have ever gotten, but at the time I didn't know it. I thought it was like all the other proofs I have- worth no more than $10. Then I went home and looked at my jumbo price guide. I found out that "ordinary proof" had only 25 minted and was so valuable it didn't have a price for it. I was so surprised I thought my eyes were going to pop right out of my head! Once I got myself together, I looked on NGC World Coin Price Guide. They didn't even have a price for it! The coin: an Ecuador 1988 1 Sucre PROOF!

 

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[Mackaydon]

Are we talking the same coin?
Ecuador 1 sucre 1988 Ecuador - coins - Catawiki
Don......
PS: Your challenge will be to prove it's a proof coin versus one in mint state that appears as a proof.
Good luck !!

 

[jerseyben]

How exactly do you know it is a proof?

 

[enamel7]

Are we talking the same coin?
Ecuador 1 sucre 1988 Ecuador - coins - Catawiki
Don......
PS: Your challenge will be to prove it's a proof coin versus one in mint state that appears as a proof.
Good luck !!

I agree. Chances are with only 25 minted you wouldn't find it in a bargain bag. Those are probably all accounted for.

 

[Mackaydon]

You may wish to contact Carlos Jara and ask him your question:
carlos@ latinnumismatics.com
Source: http://www.coinweek.com/featured-news/collecting-coins-ecuador/
Don.....

 

[cudamark]

Post a photo. Chances are it's not a true proof. If it is, it's probably an impaired proof at this point, seeing how it was tossed into a bin with other coins rubbing up against it.