Mexico 1787-Mo FM 8 escudos
Shown is an 1787MoFM eight escudos, one of a type struck 1772-89 during the reign of Charles III. This type, though not cheap, is the first eight escudos type not stratospherically priced. The issues of 1772-85 were .901 fine gold. This coin was legal tender in the United States, where it was known as a doubloon, and would have traded for $15.50. This specimen was lot 40260 in Ponterio sale 168 (Philadelphia, August 2012), where it sold for $1,610. The catalog description noted, "MEXICO. 8 Escudos, 1787-MoFM. NGC AU-50. Weakly struck."
Recorded mintage: unknown.
Specification: 27.07 g, .875 fine gold, .761 troy oz AGW.
Catalog reference: Fr-33; KM-156.2a.
- 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.
- Ponterio, Richard, Ponterio sale 168: The Official ANA Auction, Irvine, CA: Stack's Bowers LLC, 2012.
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- 1788 8 escudos
- Coins and currency dated 1787
- return to Mexican colonial coinage, 1536-1822