Mexico 1841-Mo centavo KM-Pn60

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from Heritage sale 3098, lot 34148
H3098-34148r.jpg

This specimen was lot 34148 in Heritage sale 3098 (New York, January 2022), where it sold for $3,120. The catalog description[1] noted, "Mexico: Republic copper Specimen Pattern Centavo 1841-Mo SP45 PCGS, Mexico City mint. Lettered edge. Coin alignment. By Luciano Rovira. A somewhat enigmatic Pattern for the first proposed decimal coinage of Mexico, minted 23 years before the Pesos/Centavos system was first introduced under Emperor Maximilian. Buttrey and Hubbard note that while the coin is around the size of an 1/8 Real, its creation during this period makes little sense within the contemporary monetary system of Escudos and Reales. Nevertheless, it would seem as though the issue likely circulated on par with its sister denomination, this piece being mildly worn, though the level of detail that remains points towards a sharp original strike. Ex. Coin Galleries (July 1998, Lot 949); Museum of Connecticut History. Selections from the Galleon Collection." This pattern shows the government's intent to decimalize the currency as early as the 1840's but the political climate was not conducive, the government's attention being distracted by coups d'etat and rebellions. The first centavos of 1863 looked very similar to this.

Recorded mintage: unknown.

Specification: copper.

Catalog reference: KM-Pn60, Guttag-3183, Buttrey/Hubbard-41.

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.
  • [1]Cristiano Bierrenbach, Warren Tucker and Sam Spiegel, NYINC World Coins Signature Auction 3098, Dallas, TX: Heritage Auction Galleries, 2021.

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