Mexico 1835-Ho PP 8 reales

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Heritage sale 3002, lot 21741
photo courtesy Heritage Auction Galleries
from www.CGB.fr
This specimen was lot 21741 in Heritage auctions 3002 (Long Beach, September 2008) where it sold for $48,500 as a "post auction buy." The catalog description[1] noted,
"Unique, Mexico 1835 Ho-PP 8 Reales Discovery Coin. Republic Cap and Ray 8 Reales 1835-Ho PP, lightly cleaned VF, a couple of rim dings. Near full 'Libertad'. Also known as the 'Ciudad del Sol' (The City of the Sun), the Villa of Pitic became the town of Hermosillo in September 5th, 1828, to honor the Mexican General Jose Maria Gonzalez de Hermosillo, who fought in the Mexican War of Independence in 1810. In late 1831, the mint at Hermosillo was authorized to initiate minting of copper coins only, the lease specifically prohibited the lease owner Leonardo Santoyo, from producing silver coins. Regardless, silver 8 Reales were produced at this mint in 1835, 1836 and 1839. In their outstanding numismatic reference book Resplandores, authors Mike Dunigan and J.B. Parker state: '...there was a shortage of specie in the Western Provinces and (sic) the lease owner petitioned the Central Government for the right to coin silver and was turned down.' Consequently the 8 Reales minted in Hermosillo bearing the dates of 1835, 1836 and 1839 are 'illegal' issues, though they are correct in design, weight and metal fineness and the coins circulated normally in Mexico. Previously, as described by Dunigan and Parker, 'this coin is reportedly only through bibliographic references, the 1835 Hermosillo 8 Reales is the only coin listed that was not personally confirmed by the authors.' After over 170 years, the first specimen of the 1835 Hermosillo 8 Reales is presented to the numismatic community. This unique coin will surely demand aggressive bidding from collectors around the world and will, in the end, find a new home, where it will certainly become a central piece for the most advanced collection."

This specimen first came to public notice in an auction in Paris earlier that year, where it brought 22,000 euros.

Recorded mintage: unknown but few.

Specification: 27.07 g, .903 fine silver, decorated edge.

Catalog reference: KM 377.9.

Source:

  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • 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.
  • [1]Tucker, Warren, and Scott Cordry, Heritage Signature Auction 3002: World Coins, Dallas, TX: Heritage Auction Galleries, 2008.

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