Sinaloa 1866 1/4 real

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Stack's Bowers October 2024 Collector's Choice sale, lot 73345
SB1024-73345r.jpg

This specimen was lot 73345 in Stack's Bowers Collectors Choice Online Auction (Costa Mesa, CA, October 2024), where it sold for $408. The catalog description[1] noted, "MEXICO. Sinaloa. 1/4 Real, 1866. Culiacan Mint. PCGS MS-62 Brown. Estado Sinaloa issue. An attractive example with glossy surfaces and pinkish-red color highlights that surround the raised designs." This type was struck 1847-48, 1859-66. 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. Crudely made and harshly treated, state coppers are scarce to rare in nice condition.

Recorded mintage: unknown but a common date.

Specification: copper, 27 mm diameter.

Catalog reference: KM-363.

Source:

  • Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
  • Bailey, Don, State & Federal Copper and Brass Coinage of Mexico, 1824-1872, Hemet, CA, 2008.
  • 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]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, October 2024 World Collectors Choice Online Auction, featuring the S.P. Rutherford Collection, Costa Mesa, CA: Stack's Bowers Galleries, Inc., 2024.

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