Stack's Bowers & Ponterio
August 2021 ANA Auction 16-21 Aug 2021
View prices realized
► Sale information
Find similar lots
MEXICO. 8 Reales, 1732-Mo F. Mexico City Mint. Philip V. NGC AU-55.
KM-103; Cal-type-146 #774; Gil-M-8-1; FC-1. Legendary among Mexican coins, the coinage output of 1732 marked the transitory year from the crude 'cob' style of production to milled or machine-struck, which resulted in coins that were nearly fully round and far more evenly struck. Because the year was one of transition, and cruder styles continued to be struck as well, the milled issues that were produced are considered RARE. Adding to that, many that survive show evidence of having been recovered from shipwrecks, leaving few examples without major damage or saltwater corrosion. This piece however has avoided both maladies, placing it in absolutely rarified company. Sharp struck, this example has deeply toned in antiqued gray and gold color, yet despite the tone, exceptional gleam is present in the fields. Some of the legends are observed running off the flan, however all remain legible. While no marks of individual concern are seen, an old spot to the left of the crown on the denomination side is worthy of mention. All considered, an incredibly wholesome coin, with only a handful that can claim "finer" status. Sure to attract broad attention as a result, as coins such as this justifiably belong at the cornerstone of great collections.
KM-103; Cal-type-146 #774; Gil-M-8-1; FC-1. Legendary among Mexican coins, the coinage output of 1732 marked the transitory year from the crude 'cob' style of production to milled or machine-struck, which resulted in coins that were nearly fully round and far more evenly struck. Because the year was one of transition, and cruder styles continued to be struck as well, the milled issues that were produced are considered RARE. Adding to that, many that survive show evidence of having been recovered from shipwrecks, leaving few examples without major damage or saltwater corrosion. This piece however has avoided both maladies, placing it in absolutely rarified company. Sharp struck, this example has deeply toned in antiqued gray and gold color, yet despite the tone, exceptional gleam is present in the fields. Some of the legends are observed running off the flan, however all remain legible. While no marks of individual concern are seen, an old spot to the left of the crown on the denomination side is worthy of mention. All considered, an incredibly wholesome coin, with only a handful that can claim "finer" status. Sure to attract broad attention as a result, as coins such as this justifiably belong at the cornerstone of great collections.
Also included with this lot is what appears to be an original correspondence to the Real Audiencia explaining in detail the new specie to be produced, the 1732 milled coinage, and that it was to be to the same specifications as the previous coinage. It also states that in November of that year the amount of 200,000 pesos of silver was deposited with the Real Audiencia to be used to produce the new coinage. The following month on December 17th and 20th bandos (proclamations) were distributed across the land informing the populace of the new coinage and that they were to be accepted just as the previous (Cob) coinage.
Estimate: $20000 - $30000