Mexico
Republic Cap and Rays 8 Reales 1861 Ho-FM XF45 PCGS, Hermosillo mint, KM377.9, DP-Ho01 ("Extremely Rare"). Variety with normal punches in date. Nice Extremely Fine with partial subjacent luster over attractive surfaces and the usual partially weakly struck legends. Rare and one of the key dates among the Caps and Rays issues, deservedly rated in Dunigan-Parker as "one of the stars of the series" and vastly desirable in this attractive, unflawed preservation.
Estimate: 3000-4000 USD