Aguascalientes 1824 1/8 real
This specimen was lot 1794 in Stephen Album sale 27 (Santa Rosa, CA, January 2017), where it sold for $129.25. The catalog description noted, "MEXICO: AE 1/8 real, 1824. municipal copper, Aguascalientes State, bunch of grapes with incuse number stamped below all inside beaded border // small 1/8 with date below, all inside beaded border, somewhat crude manufacture, a couple faint reverse scratches, VF." The Mexican constitution reserved the right to coin gold and silver to the federal government but granted the right to mint copper to the states, which right they used and abused. For some states, this was a major source of revenue as the metal content was much less than the face value. For others, it was an opportunity to thumb their noses at the central government by proclaiming their "free and sovereign" status.
Recorded mintage: unknown.
Specification: copper or brass, this specimen 3.35 g, 21 mm diameter.
Catalog reference: Rulau-Agu 26.
- Album, Stephen, Joseph Lang, Paul Montz, Michael Barry and Norman Douglas Nicol, Auction 27, featuring the Dr. Paul Stevens Collection of Indian Coins, Part VI, Santa Rosa, CA: Stephen Album Rare Coins, Inc., 2016.