Mexico 1924-M centavo
This specimen was lot 2853 in Ponterio sale 164 (New York, January 2012), where it sold for $690. The catalog description noted, "MEXICO. Centavo, 1924/3-Mo. Very scarce in top condition. Sharply struck with traces of mint red. PCGS MS-65 BN." This centavo is a better date of its type which was struck 1905-49. As such, the type had the longest run of any coin type in twentieth century Mexico. This date is scarce; some of the earlier dates, such as 1915-22 and 1924-25, are scarce. Specimens with mint red are virtually unknown. In 1950, the centavo was downsized and changed to brass (KM 417) in which form it was issued until 1973, long after it had ceased to have any purchasing power.
Recorded mintage: 2,000,000.
Specification: 3 g, bronze, plain edge.
Catalog reference: KM 415.
- Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
- Ponterio, Richard, Ponterio sale 164: The January 2012 N.Y.I.N.C. Auction, Irvine, CA: Stack's Bowers LLC, 2011.