Mexico 1788-Mo FM 8 escudos

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Heritage sale 3026, lot 25290
photo courtesy Heritage Auction Galleries

Shown is an 1787MoFM eight escudos, one of a type struck in Mexico 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 25290 in Heritage sale 3026 (Long Beach, October 2013), where it sold for $1,938.75. The catalog description[1] noted, "Carlos III gold 8 Escudos 1788-FM, AU55 NGC, non-inverted Mo, nicely struck with considerable mint luster, a pleasing colonial 8 Escudos."

Recorded mintage: unknown.

Specification: 27.07 g, 0.875 fine gold, .761 troy oz AGW.

Catalog reference: Cayón-13005, Fr-33; KM-156.1a.

Source:

  • 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.
  • 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.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
  • [1]Bierrenbach, Cristiano, Warren Tucker and Scott Cordry, Heritage Signature Auction 3026, World & Ancient Coins, featuring the RLM Collection, Part Two, the Nogales Collection and the Goetz Medals Die Archive, Dallas, TX: Heritage Auction Galleries, 2013.

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