Mexico 1824-Do RL 8 reales

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Goldberg sale 46, lot 1124
photo courtesy Ira & Larry Goldberg
Ponterio sale 152, lot 8028
photo courtesy Ponterio & Associates
Ponterio sale 155, lot 6251
Ponterio sale 169, lot 11199
Mexico 1824Do 8 reales rev Ponterio 169-11199.jpg
The first specimen was lot 1124 in Goldberg sale 46 (Beverly Hills, May 2008), where it sold for $7,500. The catalog description[1] noted,
"Mexico - 8 Reales, 1824-Do-RL (Durango). Hooknecked-eagle. Slightly uneven strike, with typical modest weakness at centers, yet with full 'Liberty' on cap. Fields lustrous and very clean. Toned light gray, with vivid gold, reds, greens and blues towards edges. Perhaps the finest known specimen for this mint. NGC graded AU-58. Following the abdication of Iturbide, the new Republican coins were first issued in 1823, at the Mexico City mint. The next coins came from the two associate mints, Durango and Gaunajuato, which began striking in the following year. The above specimen is the first issue from the Durango mint, and a single year type only for that coin. Based on Mexico's colonial history, the largest silver coin used in Mexico would, of course, be an 8 Reales."

The second specimen was lot 8028 in Ponterio sale 152 (New York, January 2010), where it sold for $5,750. The catalog description[2] noted, "MEXICO. 8 Reales, 1824-DoRL. 'Hookneck.' KM-376.1; HO-D3/M2. Medium Libertad. Slab tag is mislabeled as KM-376.2. Weakly struck on eagle's breast, as usual. Lightly toned NGC MS-63." Note the boldly different design of the snake from the first specimen.

The third specimen was lot 6251 in Ponterio sale 155 (Baltimore, November 2010), where it sold for $2,415. The catalog description[3] noted, "MEXICO. Durango. 8 Reales 'Hookneck', 1824-DoRL. KM-376.3; HO-S6/N7. Toned. NGC AU-50."

The fourth specimen was lot 11199 in Ponterio sale 169 (Baltimore, November 2012), where it sold for $2,358. The catalog description[4] noted, "MEXICO. 8 Reales, 1824-DoRL. KM-376.5. Variety with small LIBERTAD on cap and folded snake. Nice strike. PCGS AU-50 Secure Holder."

With the fall of Iturbide and the establishment of the republic came a new design of eight reales. The "hook-neck," or sideways eagle style, was issued from Durango, Guanajuato and Mexico City 1823-25. Full strikes are scarce and uncirculated examples are rare. Many varieties exist. Durango also issued "hook-neck" style 1 reales and 2 reales, both rare.

Recorded mintage: unknown.

Specification: 27.07 g, .903 fine silver, .786 troy oz ASW.

Catalog reference: Hubbard & O'Harrow Die pairings no. L9-N5, DP-Do01, KM 376.4.

Source:

  • [1]Goldberg, Ira, and Larry Goldberg, Goldberg Sale 46: the Millenia Collection, Beverly Hills, CA: Ira and Larry Goldberg Auctioneers, 2008.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • Dunigan, Mike, and J. B. Parker, Resplandores: Cap and Ray 8 Reales of The Republic of Mexico, 1823-1897, Beverly Hills, CA: Superior Stamp & Coin, 1997.
  • [2]Ponterio, Richard, and Kent Ponterio, Ponterio sale 152: The 2010 NYINC Auction, Irvine, CA: Bowers and Merena, 2009.
  • [3]Ponterio, Richard, and Kent Ponterio, The November 2010 Baltimore Auction, Irvine, CA: Bowers and Merena, 2010.
  • [4]Ponterio, Richard, Ponterio sale 169: The November 2012 Baltimore Auction, Irvine, CA: Stack's Bowers, LLC, 2012.

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