Oaxaca 1812 8 reales

Goldberg sale 46, lot 1111

photo courtesy Ira & Larry Goldberg

from the Stack's Bowers 2024 ANA sale, lot 44180

The first specimen was lot 1111 in Goldberg sale 46 (Beverly Hills, May 2008), where it sold for $15,000. The catalog description^[1] noted, "Mexico - War of Independence. Oaxaca Royalist Coinage. 8 Reales, 1812. Ferdinand VII, 1808-1833. Cast Royalist coinage of Lt. General Savaria. Small Lion variety. Voided cross, lion and castle at upper angles, F.o and 7.o at lower, three rosettes in field; below 7, crowned O between two pillars, within arch-shaped indent. Reverse: Small lion within shield with double border of eight X's; above, countermark of 'Z.' in square indent. Choice problem free surfaces, with handsome toning. A very choice example of type. NGC graded MS-61. Provenance: Ex Dr. Pradeau Collection. Pradeau Sale III, Superior, 11-71, lot 1563, realized $2200." The second specimen was lot 44180 in Stack's Bowers ANA sale (Chicago, August 2024), where it sold for $17,400. The catalog description^[2] noted,

"Exceedingly Wholesome and Rare Oaxaca Cross 8 Reales, MEXICO. War of Independence. Oaxaca. 8 Reales, 1812-R. Ferdinand VII. PCGS EF-45. Variety with small lion. An extremely tantalizing and alluring issue from a fraught period in Mexican history, this type was made in a local Oaxacan blacksmith shop by Royalists under the command of Lieutenant General Saravia just prior to their surrender to the Insurgents. Featuring clear and bold detail remaining throughout as well as an inviting gunmetal gray nature, this piece rather prominently displays the authorization stamp, "R", above the shield along with a different authorization stamp, crowned "o" between pillars, to the lower right of the cross. VERY RARE and heavily sought after, these popular royalist issues always garner much attention from collectors when they appear on the market. From the S.P. Rutherford Collection."

This scarce type is known with various counterstamps, including "A," "B,", "C,", "D," "K," "L," "Mo," "N," "O," "R" (second specimen) "V" and "Z" (first specimen). After the Morelos rebels captured the city in 1812, they issued a profusion of cast copper and silver eight reales, commonly called "SUD's".

Recorded mintage: unknown.

Specification: 0.903 fine silver, the first specimen 26.98 grams.

Catalog reference: Cayón-15875, Eliz-MX71; WR-29; Y--; C-923; KM 168.

Source:

^[1]Goldberg, Ira, and Larry Goldberg, Goldberg Sale 46: the Millenia Collection, Beverly Hills, CA: Ira and Larry Goldberg Auctioneers, 2008.
Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
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.
Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, 2 volumes, Madrid: Cayón-Jano S.L., 2005.
Calicó, Xavier, Numismática Española: Catálogo General con Precios de Todas las Monedas Españolas Acuñadas desde Los Reyes Católicos Hasta Juan Carlos I, 1474 a 2001, Barcelona: Aureo & Calicó, 2008.
^[2]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, August 2024 Global Showcase Auction, World & Ancient Coins, featuring The Emilio M. Ortiz Collection, The Richard Margolis Collection and The Rutherford Collection, Costa Mesa, CA: Stack's Bowers Galleries, Inc., 2024.

Link to:

Oaxaca 1812 8 reales

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