Mexico 1863-O FR 8 reales

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from the Stack's Bowers 2019 ANA sale, lot 23260
Mexico SB819-23260r.jpg

This specimen was lot 23260 in Stack's Bowers ANA sale (Chicago, August 2019), where it sold for $504. The catalog description[1] noted, "MEXICO. 8 Reales, 1863-O FR. Oaxaca Mint. NGC MS-64. Virtually as made with abundant brilliant snowy white luster and adjustment lines in the centers that account for the grade. Presently unsurpassed in quality in the NGC grading census." Assayer FR is also recorded for this date. Dunigan[2] poses the theory that two different mints were operating in Oaxaca for the early years (1858-63), accounting for the bewildering variety of die styles and mintmarks.

The year 1863 presents many varieties from the Oaxaca mint. Dunigan and Parker[2] list "O 1863 FR" (Oa09), "'a' within 'O' 1863 AE" (Oa10), "'a' over 'O' 1863 AE" (Oa11) and "O 1863 AE" (Oa12). This example is the first and probably the most common variety. The authors 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 AE, recorded intermittently between 1858 and 1890, was Agustin Edner. In the 1860's, the mint was leased to the state of Oaxaca.

Recorded mintage: unknown but fairly common.

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

Catalog reference: KM-377.11; DP-Oa09.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • [2]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.
  • [1]Orsini, Matt, Richard Ponterio and Kyle Ponterio, The August 2019 Chicago ANA Auction: World Coins, Santa Ana, CA: Stack's Bowers LLC, 2019.

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