Guanajuato 1828 1/4 real

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from the San Dimas Collection
Guanajuato 1828 cuartilla rev JS.jpg
from the Stack's Bowers 2024 ANA sale, lot 41229
SB824-41229r.jpg

Shown is an example of a copper quarter real from the state of Guanajuato, struck 1828-29. 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. Counterfeits abounded and contributed to the abuse. See Buttrey and Hubbard[1] or Bailey[2] for more information. The second specimen was lot 41229 in Stack's Bowers ANA sale (Chicago, August 2024), where it sold for $600. The catalog description[3] noted, "MEXICO. Guanajuato. 1/4 Real, 1828. NGC EF Details--Environmental Damage. A rather SCARCE example from this two-year issue. Some roughness and a touch of corrosion are apparent, but the coin still boasts plenty of well-struck detail and rustic eye appeal. From the EMO Collection."

Today, state coppers are avidly collected. They are very challenging to find in nice condition and high grade examples are beginning to realize prices proportionate to their rarity.

Recorded mintage: unknown.

Specification: brass, 27 mm diameter.

Catalog reference: KM 351, DB-350[2].

Source:

  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • [1]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.
  • [3]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, August 2024 Global Showcase Auction, World & Ancient Coins, featuring The Emilio M. Ortiz Collection, The Richard Margolis Collection and The Rutherford Collection, Costa Mesa, CA: Stack's Bowers Galleries, Inc., 2024.

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