Spain 1811-M AI 80 reales

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Sincona sale 38, lot 1966

This specimen was lot 1966 in Sincona sale 38 (Zürich, May 2017), where it sold for 700 CHF (about US$840 including buyer's fees). The catalog description[1] noted,

"Jose Napoleon, 1808-1814 80 Reales 1811. AI-Madrid. Sehr schön-vorzüglich. (kingdom of Spain, Joseph Napoleon, 1808-14, eighty reales of 1811, Madrid mint. Very fine-extremely fine.)"

This type was struck 1811-13 for Joseph Napoleon, Napoleon's brother and reluctant puppet king of Spain 1808-14. The gold coins of his regime are scarce to rare, likely because Napoleon was extracting large quantities of gold for the French war machine. The "de vellon" coinage system, used 1808-50, set twenty reales = one peso instead of the traditional eight. The coins minted using that standard were not marked in any way different from the concurrent eight reales standard, a source of confusion for collectors today. It must have been a major irritant for the inhabitants of the time.

Recorded mintage: unknown.

Specification: 6.77 g, .875 fine gold, this specimen 6.68 g.

Catalog reference: Cayón-14722, Schl. 92. Fr-302, KM 55.

Source:

  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, vol. 1, Madrid: Cayón-Jano S.L., 2005.
  • 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.
  • [1]Jürg Richter, Auction 38, Gold Coins and Medals, Zürich: Sincona AG, 2017.

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