Mexico 1861-O FR 8 reales

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from Stack's Bowers November 2015 sale, lot 39435
Mexico SB1115-39435r.jpg

This specimen was lot 39435 in Stack's Bowers Winter sale (Baltimore, November 2015), where it sold for $3,525. The catalog description[1] noted, "MEXICO. 8 Reales, 1861-OFR. NGC MS-63. Plain "O" mint mark. Three at this grade, with two finer (both MS-64) at NGC and PCGS. Dunigan & Parker have long considered the date as RARE and underrated. Struck at what was the second mint to be operating simultaneously in Oaxaca at the time, the coin offered here exhibits all of the characteristics consistent with other known examples; weak strike, evidence of die rust, and overall sketchy quality. Yet when taken into the context of other surviving examples, and in spite of these inherent shortcomings, the coin offered here is magnificent. Glowing mint bloom along with generous amounts of detail through most of the devices, will have most specialists in this four-year issue astonished. The reverse eagle in particular, is near fully struck with every last feather fully delineated. Though a point away from the finest graded, we would challenge anyone to locate a nicer looking example. A true premium quality example by any measure."

Recorded mintage: unknown.

Specification: 27.07 g, .903 fine silver, .786 troy oz ASW.

Catalog reference: KM-377.11; DP-Oa05.

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.
  • 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.
  • [1]Ponterio, Richard, and Todd McKenna, The November 2015 Baltimore Auction, World Coins and Paper Money, featuring the Ray Czabor Collection and selections from the Strong Museum, Santa Ana, CA: Stack's Bowers LLC, 2015.

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