Mexico 1786-Mo FM escudo

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Heritage sale 3041, lot 31166
Mexico H3041-31166r.jpg

This specimen was lot 31166 in Heritage sale 3041 (Chicago, August 2015), where it sold for $763.75. The catalog description[1] noted, "Charles III gold Escudo 1786 Mo-FM/FF XF45 NGC, Mexico City mint, With a clear overassayer, this offering features mottled obverse luster in varying shades of gold and a few minor grazes within the fields. An engaging example from all angles. From The Rudman Collection of Mexican Coins." All Mexican colonial gold may be considered scarce. This type, the third showing the bust of Charles III, was struck 1773-88 and is the first type that can be considered reasonably available. This type comes in two varieties; "inverted mintmark" (shown here) and "upright mintmark". The inverted mintmark variety prevailed 1773-1788; the upright mintmark appeared 1772-73 and 1788 only. This marks the second date of the fineness being lowered from .901 to .875 gold.

Recorded mintage: unknown.

Specification: 3.38 g, .875 fine gold, .095 troy oz AGW.

Catalog reference: KM 118.2a, cf. Cal-665 (unlisted overassayer).

Source:

  • [1]Bierrenbach, Cristiano, Warren Tucker and David Michaels, Heritage World & Ancient Coins Auction 3041, featuring the Eric Beckman Collection of Canadian Coins, the Kaiser Collection of German Gold Coins and the Rudman Collection of Mexican Coins, Part I, Dallas, TX: Heritage Auction Galleries, 2015.
  • 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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