Mexico 1873-Pi H peso

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from the Stack's Bowers 2018 NYINC sale, lot 24436
Mexico SB118-24436r.jpg

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 specimen was lot 24436 in Stack's Bowers NYINC sale (New York, January 2018), where it sold for $1,920. The catalog description[1] noted, "MEXICO. Peso, 1873-PiH. NGC MS-62. SCARCER of the 2 assayers for this year. Second finest graded at NGC with none in mint state at PCGS. Slight weakness in strike as usual, soft stain luster and quite exceptional for this difficult to locate item. From the Alex Siegel Collection." This issue from Potosi is slightly scarce. Other mints include Culiacan (scarce), Guadalajara (scarce), Mexico City (common), Durango (scarce), Chihuahua (common), Guanajuato (common), Zacatecas (common) and Oaxaca (scarce).

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

Recorded mintage: 893,000 (assayers O and H).

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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