Spain 1869-SN M peseta
This specimen was lot 978 in Classical Numismatic Group's sale of the Lissner Collection (Chicago, August 2014), where it sold for $7,865. The catalog description[1] noted, "SPAIN, Gobierno Provisional (Provisional Government). 1868-1870. Proof AR Peseta. Madrid mint. Donato Álvarez Santullano, Rafael Narváez, and Ángel Mendoza Ordóñez, assayers. Dated 1869 SN M. In NGC encapsulation graded PF 65 Cameo. Gem proof with a faint hint of patina. An exceptional rarity and the only example ever certified. Purchased from M. Louis Teller." The early coinage of Spain is familiar: 8 reales = 1 peso; 2 pesos = 1 escudo. During the Napoleonic period, the real was devalued such that one peso = 20 reales de vellon. This was reformed in 1850 and again in 1864. In 1869, with the collapse of the monarchy, the reales, pesos and escudos were dropped in favor of centimos and pesetas conforming to the Latin Monetary Union. This silver peseta, struck in Madrid in 1869, is a scarce date. The type with the legend "ESPAÑA" (KM 653) is rare.
Recorded mintage: 7,000,000 plus 367,000 of KM-653.
Specification: 5 g, 0.835 fine silver, this specimen Ø22 mm, 5.01 g, 6h axis.
Catalog reference: Cayón-17422, KM 652.
- 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 Felipe VI, 1474 a 2020, Barcelona: Aureo & Calicó, 2019.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
- [1]Teller, M. Louis, and Victor England, Jr., The Richard Lissner Collection, Lancaster, PA: Classical Numismatic Group, 2014.
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