Mexico 1786-Mo FM 2 reales

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Heritage sale 3073, lot 31159
photo courtesy Heritage Auction Galleries

This specimen was lot 31159 in Heritage sale 3073 (Chicago, April 2019), where it sold for $3,120. The catalog description[1] noted, "George III Counterstamped 1/4 Dollar ND (1797-1799) VF25 NGC, Oval counterstamp XF Strong. Struck on a 1786 Mexico 2 Reales. Extremely rare and potentially unique, unlisted in Spink and with no recent auction comparables. The late 18th century emergency coinage is well-known as oval and octagonal countermarks on Spanish colonial 8 and 4 Reales, but no other 2 Reales specimens have come to light rendering the present piece of the highest rarity and the key piece to complete the 'set'! The host coin itself is toned a gunmetal gray with a darker peripheral ring, whilst the countermark field has filled with a gorgeous red-and-gold tone which immediately draws the eye. A vital piece missing from all major British collections, sure to be hotly contested thus."

Recorded mintage: unknown.

Specification: (host coin) 6.77 g, .903 fine silver.

Catalog reference: KM-Unlisted, S-Unlisted.


  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
  • Lobel, Richard, Mark Davidson, Allan Hailstone and Eleni Calligas, Coincraft's Standard Catalogue of English and UK Coins, 1066 to Date, London: Coincraft, 1995
  • Skingley, Philip, ed., Standard Catalogue of British Coins: Coins of England & the United Kingdom, 46th edition, London: Spink & Son, 2011.
  • [1]Bierrenbach, Cristiano and Warren Tucker, Heritage World and Ancient Coins Auction 3073, featuring the Lake County Collection of British coins, Dallas, TX: Heritage Auction Galleries, 2019.

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