Mexico 1787-Mo FM 8 escudos
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Shown is an 1787MoFM eight escudos, one of a type struck 1772-89 during the reign of Charles III. This type, though not cheap, is the first eight escudos type not stratospherically priced. The issues of 1772-85 were 0.901 fine gold. This coin was legal tender in the United States, where it was known as a doubloon, and would have traded for $15.50. This specimen was lot 40260 in Ponterio sale 168 (Philadelphia, August 2012), where it sold for $1,610. The catalog description[1] noted, "MEXICO. 8 Escudos, 1787-MoFM. NGC AU-50. Weakly struck."
Recorded mintage: unknown.
Specification: 27.07 g, 0.875 fine gold, .761 troy oz AGW.
Catalog reference: Cayón-12990, Fr-33; KM-156.2a.
- 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 Felipe VI, 1474 a 2020, Barcelona: Aureo & Calicó, 2019.
- Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
- Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
- [1]Ponterio, Richard, Ponterio sale 168: The Official ANA Auction, Irvine, CA: Stack's Bowers LLC, 2012.
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