Mexico 1889-Mo M 10 pesos

Heritage sale 3081, lot 32304

This specimen was lot 32304 in Heritage sale 3081 (New York, January 2020), where it sold for $4,800. The catalog description^[1] noted, "Mexico: Republic gold 10 Pesos 1889 Mo-MS MS61 Prooflike PCGS, Mexico City mint. Of extreme rarity, the sole certified piece by NGC or PCGS and only the second of the type we have ever handled (that specimen uncertified, realized $8,500 hammer at our September 2011 sale). Only 88 were ever struck, and of those the present specimen must be amongst the finest extant. Prooflike with flashy fields slightly 'dished' at the peripheries, devices bold and with minimal contact; some scuffing is evident which has detracted from the certified grade, but its eye appeal remains immensely strong. A piece whose rarity means its value can only be determined by the most dedicated collectors of Mexican gold when it comes to cross the auction block." This specimen is one of a series struck at the Mexico City mint 1870-1905. Mexico City is generally considered a common mint but this is a rare date. Mintage figures are not a reliable indicator of rarity for this type due to the accidents of hoarding; many low mintage issues are readily available while other high mintage issues are very rare.

Recorded mintage: 88.

Specification: 16.92 g, 0.875 fine gold, .476 troy oz AGW.

Catalog reference: Fr-128; KM 413.7.

Source:

• 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]Bierrenbach, Cristiano, Warren Tucker and Sam Spiegel, Heritage World and Ancient Coins Auction 3081, featuring the Caranett Collection, Dallas, TX: Heritage Auction Galleries, 2019.

Link to:

• 1888-C^N 10 pesos
• 1888-Z^S 10 pesos
• 1889-G^A centavo
• 1889-M^O centavo
• 1889-A^S 5 centavos
• 1889-C^A 5 centavos
• 1889-C^N 5 centavos
• 1889-D^O 5 centavos
• 1889-G^A 5 centavos
• 1889-G^O 5 centavos
• 1889-H^O 5 centavos
• 1889-M^O 5 centavos
• 1889-P^I 5 centavos
• 1889-Z^S 5 centavos
• 1889-C^A 10 centavos
• 1889-C^N 10 centavos
• 1889-D^O 10 centavos
• 1889-G^A 10 centavos
• 1889-G^O 10 centavos
• 1889-H^O 10 centavos
• 1889-M^O 10 centavos
• 1889-O^A 10 centavos
• 1889-P^I 10 centavos
• 1889-A^S 25 centavos
• 1889-C^A 25 centavos
• 1889-C^N 25 centavos
• 1889-D^O 25 centavos
• 1889-G^A 25 centavos
• 1889-G^O 25 centavos
• 1889-H^O 25 centavos
• 1889-M^O 25 centavos
• 1889-P^I 25 centavos
• 1889-Z^S 25 centavos
• 1889-A^S 8 reales
• 1889-C^A 8 reales
• 1889-C^N 8 reales
• 1889-G^A 8 reales
• 1889-G^O 8 reales
• 1889-H^O 8 reales
• 1889-M^O 8 reales
• 1889-O^A 8 reales
• 1889-P^I 8 reales
• 1889-Z^S 8 reales
• 1889-C^A gold peso
• 1889-M^O gold peso
• 1889-Z^S gold peso
• 1889-M^O 2½ pesos
• 1889-M^O 5 pesos
• 1889-Z^S 5 pesos
• 1889-A^S 10 pesos
• 1889-M^O 20 pesos
• 1890-A^S 10 pesos
• 1890-C^N 10 pesos
• 1893-M^O 10 pesos
• Coins and currency dated 1889
• return to Decimal coinage of the Republic of Mexico, 1863-1905