Mexico 1797-Mo FM 8 escudos
"1797. Carlos IV. México. FM. 8 escudos. Levísimas rayitas en anverso. MBC/MBC+. (Charles IV, 1788-1808, eight escudos of 1797, Mexico mint. Light scratches on obverse, very fine or better.)"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.
Reported Mintage: unknown but common.
Specification: 27.07 g, .875 fine gold, .761 troy oz AGW.
Catalog reference: KM 159, Cal. 47.
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