Mexico 1790-Mo FM 2 escudos

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Heritage sale 3041, lot 31287
Mexico H3041-31287r.jpg

This specimen was lot 31287 in Heritage sale 3041 (Chicago, August 2015), where it sold for $28,200. The catalog description[1] noted, "Charles IV gold 2 Escudos 1790 Mo-FM XF40 NGC, Mexico City mint. Attractive for the designation and free of distracting contact marks, with limited high-point wear and partial underlying luster mostly visible on the recessed areas. An amazing companion piece to the previous lot, and likely one of the two finest known of the type, as noted in said lot's description. One of only five known of the date by the cataloguer, and a superb representative of one of the key issues to assemble a Mexican Colonial type set which, as is also noted on the description of the previous lot, is one of the very few types missing in the comprehensive Banco de Mexico collection. The cataloguer notes a lower example of this date and type sold for $32,200 in 2008 (Ponterio 1/2008, lot 1602 in F-VF condition). From The Rudman Collection of Mexican Coins." All Mexican colonial gold may be considered scarce. This type of 1789-90 is called "transitional" as it shows the bust of Charles III, who died in January 1788, and the name of his successor, Charles IV. Punches for the portrait of the new king were not used until 1791; in the interim, this design was used.

Recorded mintage: unknown.

Specification: 6.77 g, .875 fine gold, .190 troy oz AGW.

Catalog reference: KM 131, Cal-355.

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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