Mexico 1794-Mo FM 8 escudos

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Sedwick sale 11, lot 137
Shown is an 1794MoFM eight escudos, one of a type struck 1791-1808. Assayer FM is recorded for the years 1784-1801. The eight escudos is among the more available Mexican colonial gold types though the recent rise in the price of gold has pushed this coin out of the reach of many collectors. This coin was legal tender in the United States, where it was known as a doubloon, and would have traded for $15.50. The specimen shown was lot 137 in Sedwick sale 11 (Winter Park, FL, April 2011), where it sold for $3,105. The catalog description[1] noted,
"Mexico City, Mexico, bust 8 escudos, Charles IV, 1794FM. Highly lustrous (almost prooflike) Mint State with weak center of shield (typical), almost imperceptible hairlines in fields."

Occasionally counterfeits made of platinum turn up of this type. These were likely made in the mid-nineteenth century, when the price of platinum was below the price of gold and making such a fake could be profitable.

Recorded mintage: unknown.

Specification: 27.07 g, .875 fine gold, .761 troy oz AGW, this specimen 27.0 grams.

Catalog reference: CT-43; KM-159.

Source:

  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, 2 volumes, Madrid: Cayón9-Jano S.L., 2005.
  • Calicó, Xavier, Numismática Española: Catálogo General con Precios de Todas las Monedas Españolas Acuñadas desde Los Reyes Católicos Hasta Juan Carlos I, 1474 a 2001, Barcelona: Aureo & Calicó, 2008.
  • [1]Sedwick, Daniel Frank, Augi Garcia and Cori Sedwick Downing, Treasure Auction 11, Winter Park, FL: Daniel Frank Sedwick LLC, 2012.
  • 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.
  • Harper, David C. [Ed.], North American Coins & Prices, 17th Ed., Iola, WI: Krause Publications, 2007.

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