Mexico 1862-O FR 8 reales
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 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.
- Krause, Chester L., and Colin R. Bruce II, Standard Catalog of World Coins: Spain, Portugal and the New World, Iola, WI: Krause Publications, 2002.
- 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.