Mexico 1886-Mo M peso

photo courtesy Stack's

another specimen, from the Mountain Groan Collection

from the San Dimas collection

The first specimen was lot 1458 in Stack's "Vermuele, Ward & Mexico Maxico" sale (New York, January 2010), where it sold for $345. The catalog description^[1] noted, "MEXICO. Republic. Gold Peso, 1886 Mo M. Mexico City. Bold eagle facing r. with snake in beak. Rv. Value in wreath. The edge has some adjustment marks along the rim above M but the color and balance of the surfaces are pleasing. Modest mintage retains scarcity and desirability. Prooflike Brilliant Uncirculated, near Choice." Mexico City is the commonest mint, followed by Guanajuato, Culiacan, Zacatecas (scarce), Hermosillo (rare), Alamos (rare) and Chihuahua (rare). Even the common dates have low mintages but the type was widely hoarded, making it reasonably available today.

Recorded mintage: 1,700.

Specification: 1.69 g, 0.875 fine gold, .047 troy oz AGW.

Catalog reference: KM 410.5, Fr-157.

Source:

Bailey, Don and Lois, Whitman Encyclopedia of Mexican Money, Volume 1, An Illustrated History of Mexican Coins and Currency, Atlanta: Whitman Publishing, 2014.
Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
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, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
Utberg, Neil S., The Coins of Mexico, 1536-1963, San Antonio, TX, 1963.
^[1]Kraljevich, John, and Frank Van Valen, The Vermuele, Ward & Mexico Maxico Collections, New York: Stack's, 2009.

Link to:

Mexico 1886-Mo M peso

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