Mexico 1802-Mo FT 8 escudos

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Aureo sale 246, lot 803
This specimen was lot 803 in Aureo y Calicó sale 246 (Barcelona, September 2012), where it sold for 1,200 € (about $1,822 including buyer's fees). The catalog[1] noted,
"Carlos IV (1788-1808). 1802. México. FT. 8 escudos. Golpecito en canto. Bonita pátina. MBC+. (Charles IV (1788-1808), eight escudos of 1791, Mexico City mint, edge nick, choice very fine.)"
Shown is an 1802MoFT eight escudos, one of a type struck 1791-1808. Assayer FT is recorded for the years 1801-03. 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. 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: KM-159, Cal. 56.

Source:

  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, 2 volumes, Madrid: Cayón-Jano S.L., 2005.
  • 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.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • [1]Sisó, Teresa, Eduardo Domingo and Lluís Lalana, Subasta Numismática, Barcelona: Aureo y Calicó Subastas, 2012.

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