Mexico 1863-Oa AE 8 reales

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Goldberg sale 46, lot 1128
photo courtesy Ira & Larry Goldberg
Ponterio sale 169, lot 11230
photo courtesy Stacks-Bowers LLC

The first specimen was lot 1128 in Goldberg sale 46 (Beverly Hills, May 2008), where it sold for $6,250. The catalog description[1] noted, "Mexico - Republic. 8 Reales, 1863-Oa-AE (Oaxaca). Cap & Rays type. Eagle and snake on cactus. Reverse: Liberty Cap, with rays behind. An excellent strike, although some adjustment marks are evident on the reverse. Lustrous and very clean, with light to medium toning. Choice and very impressive. A classic rarity of the series. NGC graded MS-63." The second specimen was lot 11230 in Ponterio sale 169 (Baltimore, November 2012), where it sold for $3,290. The catalog description[3] noted, "MEXICO. 8 Reales, 1863/8-OaAE. NGC AU-50. VERY RARE. "A" within "O" mintmark. Lightly toned." 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 third and rarest 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.

Specification: 27.07 g, .903 fine silver, .786 troy oz ASW, this specimen: 26.87 grams.

Catalog reference: WR-63; Eliz-773; DP-Oa11, KM 377.11.


  • [1]Goldberg, Ira, and Larry Goldberg, Goldberg Sale 46: the Millenia Collection, Beverly Hills, CA: Ira and Larry Goldberg Auctioneers, 2008.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • [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.
  • [3]Ponterio, Richard, Ponterio sale 169: The November 2012 Baltimore Auction, Irvine, CA: Stack's Bowers, LLC, 2012.

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