Mexico 1872-Ga C peso

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Ponterio sale 155, lot 6496
photo courtesy Stacks Bowers LLC
Ponterio sale 155, lot 6496
photo courtesy Stacks Bowers LLC

The first specimen is a balance scale peso, of a type struck 1869-1873. It was lot 6496 in Ponterio sale 155 (Baltimore, November 2010). The second specimen was lot 21233 in Stack's Bowers 2018 NYINC sale (New York, January 2018), where it sold for $1,680. The catalog description[1] noted, "MEXICO. Peso, 1872-GaC. NGC MS-62. RARE mint in top grade. Slightly weak strike as usual. Lustrous with light attractive tone. 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 Guadalajara is scarce. Other mints include Culiacan (scarce), Durango (scarce), Mexico City (common), Oaxaca (scarce), Chihuahua (common), Guanajuato (common), Zacatecas (common) and Potosi (scarce).

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

Recorded mintage: 485,000.

Catalog reference: KM 408.3.

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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