Mexico 1795-Mo FM 8 escudos

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Stack's Bowers 2014 ANA sale, lot 1247
photo courtesy Stack's Bowers LLC

This specimen was lot 1247 in Stack's Bowers ANA auction (Chicago, August 2014), where it sold for $1,762.50. The catalog description[1] noted, "MEXICO. 8 Escudos, 1795-FM. Charles IV (1788-1808). NGC AU-55." This is 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. There is an overdate, 1796/5, recorded for the year. As few can afford to collect this type by date, overdates and other varieties bring little premium, though that may change in the future. 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.

Catalog reference: Fr-43; KM 159.

Source:

  • 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.
  • [1]Ponterio, Richard, The August 2014 Chicago ANA Auction: Ancient Coins, World Coins & Paper Money, Featuring the David O'Harrow Collection, Irvine, CA: Stack's Bowers LLC, 2014.

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