Mexico
Republic Caps and Rays 8 Reales 1863 Oa-AE AU50 PCGS, Oaxaca mint, KM377.11, DP-Oa11. The variety with the "A" above "O" in the mintmark. Choice Extremely Fine with limited friction evidence and hints of remaining luster, thus quite attractive despite slight softness in the strike. An important one-year type with a unique mintmark style, very rare and most desirable in this higher preservation, the usually encountered grade on the few examined examples being only VF.
Estimate: 3000-4000 USD