Mexico 1870-Pi PS 8 reales

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from the Stack's Bowers 2019 NYINC sale, lot 41215
Mexico SB119-41215r.jpg

The specimen shown is an 1870Pi-PS eight reales from the San Luis Potosi mint, which struck the type 1827-93. The San Luis Potosi mint closed in 1893, having struck most of the silver and copper denominations but never issued gold. The SCWC lists one overdate, 1870/69, which is priced even higher than the normal date, which is rare. This specimen was lot 41215 in Stack's Bowers NYINC sale (New York, January 2019), where it did not sell. The catalog description[1] noted, "The Only Mint State Certified Example, MEXICO. 8 Reales, 1870-Pi PS. San Luis Potosi Mint. NGC MS-61. The single finest certified, this example possesses sparkling luster in the fields and traces of faint tone over the surfaces. The strike is sharp and nearly full in the centers with a some softness appearing around the date. A VERY RARE date on account of much of the mintage going to Asia and one of few we've traced that is without chopmarks or evidence of aggressive mishandling. As such, a coin that should be of utmost interest to collectors focusing on Cap and Rays 8 Reales that claim both absolute and condition rarity."

Recorded mintage: unknown.

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

Catalog reference: KM-377.12; DP-Pi58.

Source:

  • [1]Ponterio, Richard, Kyle Ponterio, Matt Orsini and Cris Chatigny, The January 2019 NYINC Sale: Ancient Coins, World Coins & Paper Money, Santa Ana, CA: Stack's Bowers LLC, 2018.
  • 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.
  • Harper, David C. [Ed.], North American Coins & Prices, 17th Ed., Iola, WI: Krause Publications, 2007.
  • 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.

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