Mexico 1814-Mo 1/8 real

From CoinFactsWiki
Jump to: navigation, search
Goldberg sale 34, lot 2895
photo courtesy Ira & Larry Goldberg
from the Mountain Groan Collection
Mexico 1814 1-4 real rev DSLR.jpg

The first specimen was lot 2895 in Goldberg sale 34 (Beverly Hills, February 2006), where it sold for $350. The catalog description[1] noted, "Mexico. 1/8 Real, 1814-Mo. Copper. Ferdinand VII. Crowned F. VII. Reverse: Arms. Some surface striking flaws. Trace of red. Extremely Fine to About Uncirculated."

This enigmatic copper coin was struck in Mexico City 1814-16. Its face value is 1/4 tlaco or 1/8 real. Survivors are nearly always in low grade. The specimen shown is poorly struck, yet it is far superior than those usually seen.

There are other copper coins of the same period, 1/8 pilon (1/16 real) and 2/4 senal (1/4 real). Attempts by colonial authorites to issue copper coins had failed before and this type was no exception. After independence, state and federal authorities issued massive quantities of copper and brass coins, fully justifying the people's distrust of such fiat coinage.

Recorded mintage: unknown.

Specification: copper.

Catalog reference: KM 63.

Source:

  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • [1]Goldberg, Ira, and Larry Goldberg, Goldberg Sale 34: the pre-Long Beach sale, Beverly Hills, CA: Ira and Larry Goldberg Auctioneers, 2006.

Link to: