Spain 1812-M IJ 8 reales

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Aureo sale 232, lot 294
CGB sale 58, lot 537

The first specimen shown was lot 294 in Aureo y Calicó sale 232 (Barcelona, March 2011), where it sold for 1,500 euros (about US$2,475 including buyer's fee). The catalog description[1] noted,

"Fernando VII (1808-1833). 1812. Madrid. IJ. 8 reales. Primer año de busto sin laurel. Levísimas rayitas. Bella. Brillo original. Muy rara y más así. EBC+. (Ferdinand VII, 1808-33, eight reales of 1812, Madrid mint. First year of bare head bust; light marks, nice original luster, very rare, choice extremely fine.)

The second specimen shown was lot 537 in CGB sale 58 (Paris, April 2013), where it sold for €999 (about US$___ including buyer's fee). The catalog description[2] noted,

"8 reales 1812 Madrid Tranche: cordonnée SUP 55 De petits chocs sur la joue et de petites marques de manipulation dans les champs. Une légère usure sur les reliefs mais un exemplaire superbe avec une grande partie de son brillant d’origine et une très jolie patine de collection. Cet exemplaire provient d’une collection constituée dans les années 1960 avec un pedigree Bourgey (vendu avec son étiquette). Titulature avers: FERDINANDUS VII. DEI GRATIA/ .1812.. Description avers: Buste drapé de Ferdinand VII à droite. Titulature revers: HISPANIARUM. REX.. Description revers: Écu couronné écartelé à cinq quartiers; autour R/8 et M couronné/I.J.

This type was issued at Madrid 1812-13 and is the first issue of the restored king Ferdinand after his release from a French prison. Eight reales of Ferdinand VII were struck at Seville 1809-20, Cadiz 1810-15 and Madrid 1812-18. There is an additional issue from Madrid 1823-30 but these are so rare as to be practically presentation pieces. The twenty reales de vellon introduced by José Napoleon was the favored denomination in the 1820's until 1849.

Recorded mintage: unknown.

Specification: 27.07 g, 0.903 fine silver, .786 troy oz ASW. Second specimen is 38.24 mm diameter, 27.08 g.

Catalog reference: Cayón-15869, KM 477, Cal-496, Dav-324.

Sources:

  • 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.
  • [1]Sisó, Teresa, Eduardo Domingo and Lluís Lalana, Selección de 500 Monedas, Medallas y Billetes, Barcelona: Aureo y Calicó Subastas, 2011.
  • [2]Prieur, Michel, Arnaud Clairand and Stéphane Desrousseaux, CGB Monnaies 58: Vente Sur Offres, Paris, 2013.
  • Krause, Chester L., and Colin R. Bruce II, Standard Catalog of World Coins: Spain, Portugal and the New World, Iola, WI: Krause Publications, 2002.

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