Oaxaca 1916 60 pesos

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Eliasberg lot 3424
Mexico 1916Oa 60 pesos rev Eliasberg 3424.jpg

This specimen was lot 3424 in the Eliasberg sale, where it sold for $74,750. The catalog description[1] noted, "1916 60 pesos. Oaxaca. MS-65 (NGC). Head of Juarez to left above half wreath, legends around/Radiant liberty cap above scales and law, legends around. Bright yellow gold surfaces with highly lustrous, satiny surfaces. Some reflectivity is noted. Faint hairlines are visible, but the fields exhibit somewhat heavy die finishing lines, as made. A few trivial surface marks, but sharply struck and offering superb aesthetic appeal. A prime specimen of one of the foremost rarities of the 20th century. Indeed, among 20th century world coins struck in this metal, few if any issues have such a combination of distinctive appearance from hand-crafted dies, a denomination highly unusual within the context of the country's coinage, a rich political and historical background, impressive large size, and rarity. From the John H. Clapp Collection; Clapp estate to Louis E. Eliasberg, Sr., 1942."

Numismatists still debate whether this coin was struck during the Revolution or afterwards as a souvenir.

Specification: 50.00 grams, .859 fine gold, 38.90 mm diameter.

Catalog reference: KM 755, Fr-174, GB-379.

Source:

  • [1]Kraljevich, John, John Pack, Elizabeth O. Piper and Frank Van Valen, The Louis E. Eliasberg, Sr., Collection of World Gold Coins and Medals, Wolfboro, NH: American Numismatic Rarities, 2005.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 7th ed., Clifton, NJ: Coin and Currency Institute, 2003.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.

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