Spain 1877-OM 5 centimos

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Aureo sale 232, lot 430
from the Mountain Groan Collection
Spain 1877 5 centimos rev DSLR.jpg
This Spanish five centimos was part of the third decimal reform of 1870. In 1850, the twenty reales was reduced to 26.91 grams. This having proven unsatisfactory, the coinage was reformed again in 1864. The twenty reales was dropped in favor of a two escudos silver coin, reduced to 25.96 grams. One hundred centimos = one escudo. By the reform of 1870, the revolutionary government adopted the standard of the Latin Monetary Union, where one peseta = one French franc and five pesetas = 25 g of silver, .900 fine. The peseta remained in use (tho it ceased to be silver in the 1930's) until the adoption of the euro in 2001. This type was struck in large numbers at Barcelona 1877-79 yet is rare in nice condition. The specimen shown was lot 430 in Aureo y Calico sale 232 (Barcelona, March 2011), where it sold for 130 euros (about US$216 including buyer's fee). The catalog description[1] noted,
"1877. Barcelona. OM. 5 céntimos. Bella. Precioso color. Escasa así. EBC+ (Five centimos of 1877, Barcelona mint, very nice, beautiful color, choice extremely fine, scarce thus.)"

Recorded mintage: 54,994,392.

Specification: bronze.

Catalog reference: Cayón-17477, Cal. 71, KM 674.

Sources:

  • 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]Sisó, Teresa, Eduardo Domingo and Lluís Lalana, Selección de 500 Monedas, Medallas y Billetes, Barcelona: Aureo y Calicó Subastas, 2011.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.

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