Mexico 1870-Do P peso

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CNG Lissner sale, lot 1930

This specimen was lot 1930 in Classical Numismatic Group's auction of the Richard Lissner collection (Chicago, August 2014), where it sold for $6,655. The catalog description[1] noted, "MEXICO, Segunda República. 1867-1905. AR Peso. Durango mint. Carlos Leon de la Peña, assayer. Dated 1870 Do P. In NGC encapsulation graded MS 64. Incredible lustrous, prooflike light iridescent patina. A jewel. Finest for type we have seen and highest graded for the date. Purchased from Art Garnett, February 1970." Shown is a balance scale peso, of a type struck 1869-1873. It was not a success in the export market, the destination for most of Mexico's silver, so the type was discontinued in 1873 in favor of the resumption of the "cap and ray" eight reales. This issue from Durango is rather scarce. Other mints include Culiacan (scarce), San Luis Potosi (scarce), Mexico City (common), Oaxaca (scarce), Chihuahua (common), Guanajuato (common), Zacatecas (common) and Guadalajara (scarce). This specimen sold for fourteen times the catalog value.

Recorded mintage: unknown.

Specification: 27.07 g, .903 fine silver, .786 troy oz ASW, this specimen Ø37mm, 26.80 g, 6h axis.

Catalog reference: KM 408.2.

Source:

  • Bailey, Don, State & Federal Copper and Brass Coinage of Mexico, 1824-1872, Hemet, CA, 2008.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
  • [1]Teller, M. Louis, and Victor England, Jr., The Richard Lissner Collection, Lancaster, PA: Classical Numismatic Group, 2014.

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