Mexico 1838-Do RM escudo

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photo courtesy Stack's
Mexico 1838Do escudo rev Stacks 110-1322.jpg
This specimen was lot 1322 in Stack's "Vermuele, Ward & Mexico Maxico" sale (New York, January 2010), where it sold for $3,450. The catalog description[1] noted,
"MEXICO. Republic. Escudo, 1838 Do RM. Durango. Hand inscribing law book with quill and Liberty Cap. Rv. Bold eagle facing r. with snake in beak. An extremely rare coin with just a single specimen offered at auction according to the research by Richard A. Long in his Gold Coins of the Early Mexican Republic 1823-1873, the Moreira specimen sold by Superior in May, 1988, which is very likely the coin presented here. Classic coppery-gold toning, lustre in the protected areas and both dies show wear and blundered engraving. A tiny planchet flake missing on the rim below the ribbon matches a similar speck on the plate of the Moreira coin and would favor this being the same coin although these old plates are difficult to confirm pedigrees. Long mentions another example offered privately, but no others have crossed the auction block according to his extensive research. Extremely Fine."
Durango, which struck this type 1832-64, is a fairly available mint for one escudos tho many dates, such as this one, are rare. The SCWC prices this date 50% higher than a common Mexico City issue.

Recorded mintage: unknown.

Specification: 3.38 g, .875 fine gold, .095 troy oz AGW.

Catalog reference: KM 379.1, Fr-99.

Source:

  • Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
  • [1]Kraljevich, John, and Frank Van Valen, The Vermuele, Ward & Mexico Maxico Collections, New York: Stack's, 2009.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • Long, Richard A., Gold Coins of the Early Mexican Republic, 1823-1873, North Bend, OR: Wegferd Publications, 2004.
  • 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.

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