Mexico 1760-Mo MM 4 reales KM-96

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Aureo sale 232, lot 1267
The specimen shown was lot 1267 in Aureo y Calicó sale 232 (Barcelona, March 2011), where it sold for 550 euros (about $907 including buyer's fees). The catalog description[2] noted,
"Carlos III (1759-1788). 1760. México. MM. 4 reales. Columnario. Restos de brillo original. Buen ejemplar. Muy escasa. MBC+. (Charles III, 1759-88, four reales of 1760, Mexico mint, pillar type, remnants of mint luster, nice example, choice very fine.)
This date is recorded for Ferdinand VI (who died in 1759) and Charles III (shown here). It is a common date for both types. Assayer MM is recorded for 1755-64.

The four reales is the scarcest colonial denomination although all dates are available except for the very rare 1732 and 1733 dates. Harris[3] lists the Charles III pillar four reales in order of abundance: Mexico, Potosi, Guatemala, Lima (scarce), Santiago (very rare). Specimens in high grade are very rare.

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: 13.54 g, .917 fine silver, .399 troy oz ASW.

Catalog reference: Cayón-11686, KM-96, Cal-1119.

Sources:

  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, vol. 1, 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.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
  • [2]Sisó, Teresa, Eduardo Domingo and Lluís Lalana, Selección de 500 Monedas, Medallas y Billetes, Barcelona: Aureo y Calicó Subastas, 2011.
  • [3]Harris, Robert P., Pillars & Portraits, San José, CA: Bonanza Press, 1968.

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