Chihuahua 1835 1/8 real

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Ponterio sale 169, lot 11278
Chihuahua 1835 octavo rev Ponterio 169-11278.jpg

This specimen was lot 11278 in Ponterio sale 169 (Baltimore, November 2012), where it sold for $1,175. The catalog description[1] noted, "MEXICO. Chihuahua. 1/8 Real, 1835/3. VERY RARE type. VERY FINE." This is an example of a copper eighth real from the state of Chihuahua, struck 1833-35. Varieties exist. While the central government of Mexico reserved for itself the right to strike gold and silver, the states were permitted to strike the base metal coinage, a right which they exploited to the utmost. These coins could be minted and issued at a profit, a fact not lost on cash-strapped state governments. As these were to be quickly and cheaply made and forced upon a long-suffering populace, little effort was expended to make them nice; most survivors are poorly struck on badly prepared planchets and heavily worn.

Specification: copper.

Recorded mintage: unknown.

Catalog reference: KM-318, DB-101[2].

Source:

  • 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.
  • [2]Bailey, Don, State & Federal Copper and Brass Coinage of Mexico, 1824-1872, Hemet, CA, 2008.
  • [1]Ponterio, Richard, Ponterio sale 169: The November 2012 Baltimore Auction, Irvine, CA: Stack's Bowers, LLC, 2012.

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