Mexico 1771-Mo FM 8 reales

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from the Mountain Groan Collection
Mexico 1771 8 reales rev DSLR.jpg

This is the last of a series struck 1760-71 during the reign of Charles III (1759-88). A rare overdate, 1771/0, is known for the year. The next year, 1772, marks the inauguration of portrait coinage, which would continue through the reigns of Charles III, Charles IV and Ferdinand VII until independence. Gilboy[1] notes the existence of two specimens of the 1772-dated pillar dollar but it seems likely they were struck as souvenirs.

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.

Catalog reference: Gilboy M-8-52, KM 105.

Source:

  • [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.
  • Harper, David C., ed., North American Coins & Prices: A Guide to U. S., Canadian and Mexican Coins, 17th Ed., Iola, WI: Krause Publications, 2007.

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