Mexico 1848/38-Do CM 8 escudos

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photo courtesy Stack's
Mexico 1848Do 8 escudos rev Stacks 110-1224.jpg
Morton & Eden sale 104, lot 555
The first specimen was lot 1224 in Stack's "Vermuele, Ward & Mexico Maxico" sale (New York, January 2010), where it sold for $10,350. The catalog description[1] noted,
"MEXICO. Republic. 8 Escudos, 1848/38 Do CM. Durango. Hand inscribing law book with quill and Liberty Cap. Rv. Bold eagle facing r. with snake in beak. A handsome example of this rare issue, and a highlight of this extensive collection. The surfaces are pleasing with no circulation problems worthy of note, and the strike is sharp. The cap of freedom has tiny textured lumps imparted by the engraver, and heavy die polish lines cross through the law book. The finest example reported in Richard A. Long's reference work is VF, and just four examples were noted from this date, mint, and assayer. Choice About Uncirculated."
The second specimen was lot 555 in Morton & Eden sale 104 (London, November 2019), where it sold for £1,200 (about US$1,859 including buyer's fees). The catalog description[2] noted, "Republic, 8 escudos, Durango mint, 1848/37 RM, a couple of rim nicks, very fine, rare." The Durango mint struck eight escudos 1832-70 and is one of the abundant mints tho less so than Culiacan or Guanajuato; many dates are common. The eagle is distinctive to Durango and can be found on all the silver and gold denominations.

Recorded mintage: unknown.

Specification: 27.07 g, .875 fine gold, .761 troy oz AGW.

Catalog reference: KM 383.3, Fr.68.

Source:

  • [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.
  • [2]Eden, Tom, James Morton, David Kirk and Menelaos Danellis, Morton & Eden sale 104, Ancient Coins and the Mexico Collection, London: Morton & Eden, 2019.

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