Mexico 1869/7-P 10 centavos

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Ponterio sale 159, lot 8913
photo courtesy Ponterio & Associates

This specimen is a very scarce date of a series struck 1868-69 at the San Luis Potosi mint. It seems to have been unpopular due to its close resemblance to the contemporary silver one real, worth 12½ cents, tho most of the survivors are well worn, suggesting extensive circulation. This "cap and rays" ten centavos piece replaced the Maximilian ten centavos piece (KM 397) struck 1864-66. It, in turn, was replaced by an "upright eagle" ten centavos piece in 1869. The Mexico City mint also struck this type. All the specimens known seem to be the 1869/7 overdate. This specimen was lot 8913 in Ponterio sale 159 (Baltimore, March 2011), where it sold for $575. The catalog description[1] noted, “MEXICO. Potosi. 10 Centavos, 1869/7-P. Toned. EXTREMELY FINE."

Specification: 2.71 g, .903 fine silver, .078 troy oz ASW.

Recorded mintage: 4,900.

Catalog reference: KM 402.1.

Source:

  • Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
  • Harper, David C. [Ed.], North American Coins & Prices, 17th Ed., Iola, WI: Krause Publications, 2007.
  • [1]Ponterio, Richard, Ponterio sale 159: the March 2011 Baltimore Auction, featuring the Len Novotny collection, Irvine, CA: Stack's-Bowers & Ponterio, 2011.

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