Occidente 1829 1/8 real

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from the San Dimas Collection
Occidente 1829 octavo rev JS.jpg
from the Stack's Bowers 2024 ANA sale, lot 44455
SB824-44455r.jpg

This specimen is a copper eighth real issued 1828-29 by the short-lived state of Occidente which was broken up in 1830 into the states of Sinaloa and Sonora. It is a scarce type. The second specimen was lot 44455 in Stack's Bowers ANA sale (Chicago, August 2024), where it sold for $660. The catalog description[1] noted, "MEXICO. Estado de Occidente. 1/8 Real, 1829. Alamos Mint. NGC AU-50. A RARE one-year type in general, this example especially so being the sole finest certified. Though it displays the crude strike expected of the issue, this piece lacks any of the corrosion or excessive wear usually encountered. The surfaces retain a great deal of originality and a lovely brown patina. From the EMO Collection. Ex: Virgil Brand & Norweb Collections."

The Mexican constitution reserved the right to coin gold and silver to the federal government but granted the right to mint copper to the states, which right they used and abused. For some states, this was a major source of revenue as the metal content was much less than the face value. For others, it was an opportunity to thumb their noses at the central government by proclaiming their "free and sovereign" status.

Recorded mintage: unknown.

Specification: brass.

Catalog reference: KM 335.

Source:

  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • 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, 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.
  • [2]Bailey, Don, State & Federal Copper and Brass Coinage of Mexico, 1824-1872, Hemet, CA, 2008.

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