Mexico 1898-Cn M 20 pesos

from the Stack's Bowers 2020 NYINC sale, lot 21190

This specimen was lot 21190 in Stack's Bowers NYINC sale (New York, January 2020), where it sold for $2,160. The catalog description^[1] noted, "MEXICO. 20 Pesos, 1898-Cn M. Culiacan Mint. NGC Unc Details--Cleaned. A difficult and SCARCE date to encounter, this piece does exhibit some evidence of light cleaning, but otherwise presents itself with no signs of handling and offering a bold strike. Quite lustrous and pleasing no matter the designation." This specimen is one of a series struck at the Culiacan mint 1870-1905. Although production was substantial, many dates are rare. 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: 1,660.

Specification: 33.84 g, 0.875 fine gold, .952 troy oz AGW.

Catalog reference: Fr-122; KM-414.2.

Source:

Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
Bailey, Don and Lois, Whitman Encyclopedia of Mexican Money, Volume 1, An Illustrated History of Mexican Coins and Currency, Atlanta: Whitman Publishing, 2014.
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.
Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
^[1]Orsini, Matt, Richard Ponterio and Kyle Ponterio, The January 2020 NYINC Sale: Ancient Coins, World Coins & Paper Money, Santa Ana, CA: Stack's Bowers LLC, 2019.

Link to:

Mexico 1898-Cn M 20 pesos

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