Mexico 1866-Ho MP 8 reales

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Heritage sale 3040, lot 30258
photo courtesy Heritage Auction Galleries

This specimen was lot 30258 in Heritage sale 3040 (Chicago, April 2015), where it sold for $3,290. The catalog description[1] noted, "Republic 8 Reales 1866 Ho-MP XF Details (Cleaning) PCGS, Hermosillo mint. Quite attractive for the designation, with sharply defined features, limited high-point friction evidence and essentially unobtrusive hairlines, mostly visible on the eagle side. A very rare date/mint combination, collectible in any grade per DP's comments: '...extremely rare and ... a candidate for the rarest 8 Reales of Hermosillo. The problem is finding one (in any condition)'. This fact was well illustrated by the example recently sold by us (Heritage Auctions 1/2015, lot 35840), which was repaired yet still hammered at $2,200. We thus expect this rather handsome and essentially unflawed superior example to attract strong bidding activity." The Hermosillo mint struck eight reales 1861-95 and this date, like most Hermosillo eight reales of 1861-67, is rare. A few eight reales are known from the 1830's but they were probably illegal issues as the mint was not then authorized to strike silver.

Recorded mintage: unknown.

Specification: 27.07 g, 0.903 fine silver, .786 troy oz ASW.

Catalog reference: KM 377.9, DP-Ho08.

Source:

  • [1]Bierrenbach, Cristiano, Warren Tucker and David Michaels, Heritage Signature Auction 3040, featuring the Santa Maria, the Alan Dean and the Valley View Life Collections, Dallas, TX: Heritage Auction Galleries, 2015.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • Dunigan, Mike, and J. B. Parker, Resplandores: Cap and Ray 8 Reales of The Republic of Mexico, 1823-1897, Beverly Hills, CA: Superior Stamp & Coin, 1997.
  • Elizondo, Carlos A., Eight Reales and Pesos of the New World, San Antonio, TX: 1968.
  • Raymond, Wayte, The Silver Dollars of North and South America, 2nd Ed., Racine, WI: Whitman Publishing, 1964.

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