Mexico 1870-Pi G peso

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from the Stack's Bowers 2018 NYINC sale, lot 24433
Mexico SB118-24433r.jpg

Shown is a balance scale peso, of a type struck 1869-1873. This specimen was lot 24433 in Stack's Bowers NYINC sale (New York, January 2018), where it sold for $432. The catalog description[1] noted, "MEXICO. Peso, 1870-PiG. NGC MS-61. Finest certified at either NGC or PCGS. A really difficult item to locate in true mint state. Slightly weak strike as is typical of this issue. Lustrous and attractive. From the Alex Siegel Collection." 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 Culiacan is scarce. Other mints include Guadalajara (rare), Durango (scarce), Mexico City (common), Oaxaca (scarce), Chihuahua (common), Guanajuato (common), Zacatecas (common) and Culiacan (scarce).

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

Recorded mintage: 1,967,000 (including assayers S, H and O).

Catalog reference: KM 408.7.

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, Kyle Ponterio, John Kraljevich and Cris Chatigny, The January 2018 NYINC Sale: Ancient Coins, World Coins & Paper Money, featuring the Eldorado Collection of Colombian and Ecuadorian Coins, Santa Ana, CA: Stack's Bowers LLC, 2017.

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