Mexico 1732-Mo 8 escudos

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Eliasberg lot 3083
Mexico 1732Mo 8 escudos rev Eliasberg 3083.jpg

This specimen is among the more celebrated rarities of Mexican numismatics, being the finest known of a rare date of a scarce type, as well as being a large glamorous gold coin. This date, listed only in the SCWC as "rare", was one of a series struck 1732-47 during the reign of Philip V (1700-1746). It superseded the gold cobs previously minted. Later dates are not so rare but will still run several thousand dollars at auction.

This specimen was lot 3083 in the Eliasberg sale, where it sold for $80,500. The catalog description[1] noted,
"1732 8 escudos. Mexico City mint. EF-40 (NGC). Armored bust of Felipe V to right, legends around, date below/garter around arms, legends and mintmark around. No assayer mark. Attractive even yellow gold, scattered minor marks and some light hairlines, faint planchet flaws at base of left obverse field near Philip's hair. An exceptionally attractive example of this rare and historic issue of the Mexico City mint. Obverse aligned towards 7:30, reverse better centered, dies aligned in coin turn. Good quality rims, no significant problems of any kind. The issue without assayer mark is the rarer of two major varieties of 8 escudos from Mexico City in 1732; Calico suggests that just a few specimens are known. The Gerber collection contained a 1732 F that was cleaned and called "better than fine," while the Norweb, Karon, and Iovino sales, like most advanced collections, lacked this date entirely. For collectors with an appreciation from history, this first screw press-struck 8 escudos of Mexico stands as a landmark regardless of its great rarity. We are proud to offer this fine specimen. From Stack's sale of the Col. James W. Flanagan Collection, March 1944, Lot 262."

Recorded mintage: unknown.

Specification: 27.07 grams, .917 fine gold, .798 troy oz AGW. This specimen: 27.02 grams, 37.8 mm.

Catalog reference: Cayón-10025, KM 148, Fr-8, Calico-Onza 420.

Source:

  • [1]Kraljevich, John, John Pack, Elizabeth O. Piper and Frank Van Valen, The Louis E. Eliasberg, Sr., Collection of World Gold Coins and Medals, Wolfboro, NH: American Numismatic Rarities, 2005.
  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, 2 volumes, Madrid: Cayón-Jano S.L., 2005.
  • Calicó, Xavier, Numismática Española: Catálogo General con Precios de Todas las Monedas Españolas Acuñadas desde Los Reyes Católicos Hasta Juan Carlos I, 1474 a 2001, Barcelona: Aureo & Calicó, 2008.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 7th ed., Clifton, NJ: Coin and Currency Institute, 2003.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.

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