Mexico 1838-Go PJ 2 reales

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from the Mountain Groan Collection
Mexico 1838Go 2 reales rev DSLR.jpg
from the Stack's Bowers 2018 Collector's Choice sale, lot 71277
Mexico SB518-71277r.jpg

Shown is an 1838GoPJ two reales, one of a type struck at the Guanajuato mint 1825-68. Assayer PJ is recorded at this mint for the years 1834-42. Other mints include Zacatecas, Mexico City, Alamos, Hermosillo, Guadalajara, Culiacan, Chihuahua, Durango, Potosi, Estado de Mexico, Real de Catorce and Guadalupe y Calvo. Only Oaxaca did not strike this type. This type, legal tender in the pre Civil War United States for a quarter, is common except in uncirculated. This is a common date of a common mint. The eagle shown is distinctive to the Guanajuato mint, which reverted to the standard eagle in 1843. The second specimen was lot 71277 in Stack's Bowers Collector's Choice sale (Santa Ana, CA, May 2018), where it sold for $336. The catalog description[1] noted, "MEXICO. Real, 1838/7-GoPJ. NGC MS-66. KM-372.6. Single finest graded of the date at either NGC or PCGS. Sharply struck with bright fields and strong purple-blue toning along the periphery on both sides. An exceptional gem that will fit perfectly into any collection."

Recorded mintage: unknown.

Specification: 6.76 g, .903 fine silver, .196 troy oz ASW.

Catalog reference: KM 374.8.

Source:

  • Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
  • Harper, David C. [Ed.], North American Coins & Prices, 17th Ed., Iola, WI: Krause Publications, 2007.
  • [1]Ponterio, Richard, Kyle Ponterio and Chris Chatigny, The May 2018 Collector's Choice Sale, Santa Ana, CA: Stack's Bowers LLC, 2018.

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