Mexico 1862-O FR 8 reales

From CoinFactsWiki
Jump to: navigation, search
Mexico 1862O 8 reales obv Stacks 1209-950.jpg
Mexico 1862O 8 reales rev Stacks 1209-950.jpg
Heritage sale 3006, lot 21486
photo courtesy Heritage Auction Galleries

The first specimen was lot 950 in Stack's Coin Galleries sale (New York, December 2009), where it sold for $201.25. The catalog description noted, "Mexico. Republic. 8 Reales, 1862 O FR. Oaxaca. Eagle on cactus. Rv. Cap in rays, Resplandor. A wealth of marvelous frosty silver lustre. Choice Brilliant Uncirculated." The second specimen was lot 21486 in Heritage sale 3006 (Long Beach, September 2009), where it sold for $575. The catalog description noted, "Republic Cap and Rays 8 Reales 1862 O-FR, MS65 NGC. Sharply struck with frosty, brilliant mint luster and a hint of golden toning. For accuracy, we mention a small obverse planchet flaw at 7 o'clock. A stunning example from this storied mint."

The date 1862 is known with both mintmark "O" and "Oa." Dunigan and Parker[1] theorize that two mints were operating in the same town simultaneously, accounting for the variations in mintmark and die styles. The Oaxaca mint (or mints) operated 1858-93. Assayer FR is recorded for 1861-64. In the 1860's, the mint was leased to the state of Oaxaca.

Recorded mintage: unknown.

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

Catalog reference: DP-Oa07, KM 377.11.

Source:

  • Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
  • Krause, Chester L., and Colin R. Bruce II, Standard Catalog of World Coins: Spain, Portugal and the New World, Iola, WI: Krause Publications, 2002.
  • [1]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.
  • 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: