Mexico 1870-Mo C 10 pesos

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Goldberg sale 84, lot 3650
Mexico G84-3650r.jpg

This specimen was lot 3650 in Goldberg sale 84 (Los Angeles, January 2015), where it sold for $705. The catalog description[1] noted, "Mexico. 10 Pesos, 1870-Mo C. Republic. Balance scale. Only 480 pieces struck for this first year of issue. Very Fine, Details (ex-jewelry)." This expensive type would be even rarer were it not that many examples were hoarded as Mexican silver became overvalued. Finally, in 1905, the Diaz regime devalued the silver peso 50% and issued a new series of gold coins half the weight of their predecessors. Mintage figures are not a reliable indicator of rarity for this type due to the accidents of hoarding; many low mintage issues are readily available while other high mintage issues are very rare. This date is scarce.

Recorded mintage: 480.

Specification: 16.92 g, .875 fine gold, .476 troy oz AGW.

Catalog reference: KM-413.7.

Source:

  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 7th ed., Clifton, NJ: Coin and Currency Institute, 2003.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • [1]Goldberg, Ira, Larry Goldberg, Aleeza Brown, Yifu Che, Jason Villareal and Stephen Harvey, Goldberg Sale 84: the Pre-Long Beach Auction, Los Angeles: Goldberg Coins and Collectibles, 2014.

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