Heritage World Coin Auctions
NYINC Signature Sale 3051 8-9 January 2017
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Mexico
Oaxaca. Ferdinand VII - War of Independence 8 Reales 1812 MS64 NGC, Oaxaca provisional mint, KM168. Variety with small lion in the shield on reverse. Choice Uncirculated with full mint luster and essentially unmarked surfaces under most attractive grayish patina. Issued by Royalist General Antonio Gonzalez-Saravia in 1812 due to the lack of circulating specie and while Oaxaca was under siege by insurgent forces commanded by Morelos. Morelos finally took the city on November 25 of 1812 and Saravia was detained a few days after and finally shot on December 2 of that year. When recently cataloging an example graded XF45 NGC of this same type (Heritage Auctions 4/2016, lot 30253 for $6,000), we commented: "... among the most iconic issues of the entire War of Independence series and rarely encountered in attractive quality" and noted that both examples in the Gerber collection – in typical grade for this rare issue- were plugged coins (Spink America 6/1996, lots 43, 44). Currently the only certified MS example at either major third party grading service and the finest example seen by the cataloger. A truly exceptional coin certain to become a centerpiece in the next owner's holdings.
Estimate: 15000-20000 USD
Oaxaca. Ferdinand VII - War of Independence 8 Reales 1812 MS64 NGC, Oaxaca provisional mint, KM168. Variety with small lion in the shield on reverse. Choice Uncirculated with full mint luster and essentially unmarked surfaces under most attractive grayish patina. Issued by Royalist General Antonio Gonzalez-Saravia in 1812 due to the lack of circulating specie and while Oaxaca was under siege by insurgent forces commanded by Morelos. Morelos finally took the city on November 25 of 1812 and Saravia was detained a few days after and finally shot on December 2 of that year. When recently cataloging an example graded XF45 NGC of this same type (Heritage Auctions 4/2016, lot 30253 for $6,000), we commented: "... among the most iconic issues of the entire War of Independence series and rarely encountered in attractive quality" and noted that both examples in the Gerber collection – in typical grade for this rare issue- were plugged coins (Spink America 6/1996, lots 43, 44). Currently the only certified MS example at either major third party grading service and the finest example seen by the cataloger. A truly exceptional coin certain to become a centerpiece in the next owner's holdings.
Estimate: 15000-20000 USD