Mexico 1866-A PG 8 reales

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Heritage sale 3037, lot 30321
photo courtesy Heritage Auction Galleries

This specimen was lot 30321 in Heritage sale 3037 (New York, January 2015), where it sold for $5,640. The catalog description[1] noted, "Republic Caps and Rays 8 Reales 1866/5 A-PG AU55 PCGS, Alamos mint. The overdate 1866/5 as all are. Essentially as struck with only minute wear on the higher points, considerably lustrous surfaces and well struck for the issue with good details on the eagle's breast. Rated in Dunigan-Parker as "without a doubt the rarest (8 Reales) from the Alamos mint" and deservedly so. This very attractive specimen is the finest seen by the cataloguer (the other was graded XF) and undoubtedly among the very finest known. It should draw sustained attention from the specialists of this fascinating series." The year 1866 was the high point of the Maximilian regime and the mints were supposed to be striking his coinage, not republican designs. Despite this, Alamos (assayers DL and PG), Chihuahua (assayers JC, JG and FP), Culiacan (assayer CE), Durango (assayer CM) and Hermosillo (assayers FM and MP) all managed to issue eight reales dated 1866 which, however, remains the most difficult date to obtain of the period 1823-97.

Recorded mintage: unknown.

Specification: 27.07 g, .903 fine silver, .785 troy oz ASW.

Catalog reference: KM 377, DP-As03.

Source:

  • [1]Bierrenbach, Cristiano, Warren Tucker and Scott Cordry, Heritage Signature Auction 3037, featuring the Empire, the Santa Catarina, the Law and the Santa Maria Collections, Dallas, TX: Heritage Auction Galleries, 2014.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
  • Dunigan, Mike, and J. B. Parker, Resplandores: Cap and Ray 8 Reales of The Republic of Mexico, 1823-1897, Beverly Hills, CA: Superior Stamp & Coin, 1997.

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