Mexico 1734-Mo MF 8 reales

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Ponterio sale 153, lot 7341
image courtesy Ponterio & Associates
Aureo sale 232, lot 158
photo courtesy Daniel F. Sedwick, LLC
This is one of a series struck 1732-47 during the reign of Philip V (1700-46). The date is common; the 1734/3 overdate shown here is scarce. The first specimen was lot 7341 in Ponterio sale 153 (Baltimore, March 2010), where it sold for $460. The catalog description[2] noted, "MEXICO. 8 Reales, 1734/3-MF. VERY FINE." The second specimen shown was lot 158 in Aureo y Calicó sale 232 (Barcelona, March 2011), where it sold for 2,100 euros (about $3,465 including buyer's fees). The catalog description[3] noted,
"Felipe V (1700-1746). 1734. México. MF. 8 reales. Columnario. Magnífico ejemplar. Preciosa pátina. Muy rara así. S/C-. (Philip V, 1700-46, eight reales of 1734, Mexico City mint, pillar type. A magnificent example with precious patina, very rare thus, about uncirculated.)
The third specimen was lot 478 in Sedwick sale 10 (Winter Park, FL, October 2011), where it sold for $220 (plus fees). The catalog description[4] noted, "Mexico City, Mexico, pillar 8 reales, Philip V, 1734MF. Choice XF details with deep toning on shield side and on most of pillars side, no corrosion. With original certificate from the salvagers. Recovered from: Rooswijk, sunk in 1739 southeast of England." Mexican numismatists hotly debate which side of the coin constitutes the obverse. Gilboy[1] depicts the shield side as the obverse as that side bears the king's name. However, auction catalogs and dealer listings more frequently use the pillars and globes side as the obverse, as that side bears the date.

Recorded mintage: unknown.

Specification: 27.07 grams, .917 fine silver, .798 troy oz ASW; the third specimen is 26.8 grams.

Catalog reference: Cayón-9380, KM-103; FC-6b; El-8; Gil-M-8-6a, Cal-778.

Source:

  • 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.
  • [1]Gilboy, Frank F., The Milled Columnarios of Central and South America: Spanish American Pillar Coinage, 1732 to 1772, Regina, Saskatchewan: Prairie Wind Publishing, 1999.
  • Yonaka, Brad, A Variety Guide to the Fractional Pillar Coinage of Mexico City, 1732-1771, Long Beach, CA: Agorocu Consulting, 2017.
  • Harper, David C., ed., North American Coins & Prices: A Guide to U. S., Canadian and Mexican Coins, 17th Ed., Iola, WI: Krause Publications, 2007.
  • Harris, Robert P., Pillars & Portraits, San José, CA: Bonanza Press, 1968.
  • [2]Ponterio, Richard, and Kent Ponterio, Ponterio sale 153: The 2010 Baltimore Auction, Irvine, CA: Bowers and Merena, 2009.
  • [3]Sisó, Teresa, Eduardo Domingo and Lluís Lalana, Selección de 500 Monedas, Medallas y Billetes, Barcelona: Aureo y Calicó Subastas, 2011.
  • [4]Sedwick, Daniel F., Augi Garcia and Cori Sedwick Downing, Treasure Auction #10, Winter Park, FL: Daniel Frank Sedwick, LLC, 2011.

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