Mexico 1870-Mo M peso

from the Stack's Bowers 2018 NYINC sale, lot 24418

Shown is a balance scale peso, of a type struck 1869-1873. This specimen was lot 24418 in Stack's Bowers NYINC sale (New York, January 2018), where it sold for $264. The catalog description^[1] noted, "MEXICO. Peso, 1870-MoM. NGC MS-61. Sharply struck with soft satin luster. Brilliant and attractive. From the Alex Siegel Collection." It was not a success in the export market, the destination for most of Mexico's silver, so the type was discontinued in 1873 in favor of the resumption of the "cap and ray" eight reales. This issue from Mexico City is common. Other mints include Guadalajara (rare), Durango (scarce), Culiacan (common), Oaxaca (scarce), Chihuahua (common), Guanajuato (common), Zacatecas (common) and Potosi (scarce).

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

Recorded mintage: 5,115,000, a common date.

Catalog reference: KM-408.5.

Source:

Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
^[1]Ponterio, Richard, Kyle Ponterio, John Kraljevich and Cris Chatigny, The January 2018 NYINC Sale: Ancient Coins, World Coins & Paper Money, featuring the Eldorado Collection of Colombian and Ecuadorian Coins, Santa Ana, CA: Stack's Bowers LLC, 2017.

Link to:

Mexico 1870-Mo M peso

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