Mexico 1860-Ga JG 8 reales

From CoinFactsWiki
Jump to: navigation, search
Heritage sale 3006, lot 21478
image courtesy Heritage Auction Galleries
Ponterio sale 155, lot 6306
The first specimen was lot 21478 in Heritage sale 3006 (Long Beach, September 2009), where it sold for $6,325. The catalog description[1] noted,
"Republic Cap and Rays 8 Reales 1860 Ga-JG, Dot in Loop of Snake's Tail, AU. Lustrous, with a soft strike on the cap. This enigmatic issue was struck during the Reform War from silver requisitioned from churches and cathedrals by General Severo Castillo. The acting mint director, Albino Del Moral, engraved the small dot in the loop of the snake's tail, so that this issue could be identified. General Orgazan ordered that these pieces be declared spurious and not be circulated. Because of this, few pieces survived. Ex: Superior's sale of the Robert Lawson Collection, June 1985, Lot 3620."
This date is one of several scarce dates (1860-62) issued during the War of the Reform. The earlier issues of 1853-59 are more available. The Guadalajara mint opened in 1812 and closed in 1895. The SCWC lists the "with dot" variety as worth about three times the "without dot" variety, which itself is priced about fifteen times the 1859GaJG.

The second specimen was lot 6306 in Ponterio sale 155 (Baltimore, November 2010), where it sold for $5,750. The catalog description[2] noted, "MEXICO. Guadalajara. 8 Reales, 1860-JG. Extremely RARE Siege of Guadalajara 8 Reales. Dot in loop of snake's tail. EXTREMELY RARE and one of the finest known. Ex: Ponterio Auctions #142, lot #446 where it hammered for $5,750. Weakly struck in the centers as usual. Toned ALMOST UNCIRCULATED."

Recorded mintage: unknown.

Specification: 27.07 g, .903 fine silver, .786 troy oz ASW. The "with dot" variety is listed as debased.

Catalog reference: KM 377.6, DP-Ga42.

Source:

  • Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
  • 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.
  • Harper, David C. [Ed.], North American Coins & Prices, 17th Ed., Iola, WI: Krause Publications, 2007.
  • [1]Tucker, Warren, and Scott Cordry, Heritage Signature Auction 3006: World Coins, Dallas, TX: Heritage Auction Galleries, 2009.
  • [2]Ponterio, Richard, and Kent Ponterio, The November 2010 Baltimore Auction, Irvine, CA: Bowers and Merena, 2010.
  • Elizondo, Carlos A., Eight Reales and Pesos of the New World, San Antonio, TX: 1968.
  • Raymond, Wayte, The Silver Dollars of North and South America, 2nd Ed., Racine, WI: Whitman Publishing, 1964.

Link to: