Spain 1870-OM 5 centimos

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CNG Lissner collection, lot 974

This specimen was lot 974 in Classical Numismatic Group's sale of the Lissner Collection (Chicago, August 2014), where it sold for $605. The catalog description[1] noted, "SPAIN, Gobierno Provisional (Provisional Government). 1868-1870. CU 5 Centimos. Barcelona mint. Oeschger Mesdach & Co., diecutters. Dated 1870 OM. In NGC encapsulation graded MS 65 RB. Very nice reddish brown with very beautiful surfaces and remarkably sharp edges. Quite possibly a proof and was purchased as such. Purchased from A. H. Baldwin & Sons, August 1970." In 1868, the monarchy was overthrown. The old regime, marred by corruption and scandal and unable to quell rebellions in Catalonia and Cuba, was little mourned. The new government, unable to find a prince willing to accept the throne, established a republic and designed new coins. The system, reformed in 1850 and 1865, was reformed again to conform to the French model. The peso was reduced to 25 grams and set equal to five pesetas with each peseta divisible into 100 centimos. This system would prevail until the coming of the euro. This type was produced in prodigious numbers, all dated 1870. As this far exceeds what the Barcelona mint could produce in a year, this coin must have been produced over several years. The next issue of five centimos was in 1877.

Recorded mintage: 287,381,000.

Specification: bronze, this specimen Ø24 mm, 5.09 g, 6h axis.

Catalog reference: KM 662.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, 2 volumes, Madrid: Cayón-Jano S.L., 2005.
  • Calicó, Xavier, Numismática Española: Catálogo General con Precios de Todas las Monedas Españolas Acuñadas desde Los Reyes Católicos Hasta Juan Carlos I, 1474 a 2001, Barcelona: Aureo & Calicó, 2008.
  • [1]Teller, M. Louis, and Victor England, Jr., The Richard Lissner Collection, Lancaster, PA: Classical Numismatic Group, 2014.

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