Spain 1889-MP M 5 pesetas (89)

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Sincona sale 26, lot 4252

This specimen was lot 4252 in Sincona sale 26 (Zürich, October 2015), where it sold for 150 CHF (about US$185 including buyer's fees). The catalog description[1] noted,

"Alfonso XIII. 1886-1931 5 Pesetas 1889. Madrid Mmz. MPM. Fast vorzüglich-vorzüglich. (kingdom of Spain, Alfono XIII, 1886-1931, five pesetas of 1889, Madrid mint, extremely fine or better.)"

In 1885, Alfonso XII died young of tuberculosis, leaving a posthumous son who was crowned Alfonso XIII. In 1869, the peso was reduced to 25 grams and set equal to five pesetas with each peseta divisible into 100 centimos. This system would prevail until the coming of the euro. This design, issued while the king was an infant, was struck in large numbers 1888-92 and is fairly common in grades up to Very Fine; nice specimens like the one shown are scarce and expensive.

Recorded mintage: 4,681,000.

Specification: 25 g, 0.900 fine silver, .723 troy oz ASW; this specimen 24.96 g.

Catalog reference: Cayón-17635, C.T. 13. Dav-342, KM 689.

Source:

  • 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]Richter, Jürg, Ruedi Kunzmann and Arne Kirsch, Numismatic Coins & Medals, Auction 26, Zürich: SINCONA AG, 2015.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • Davenport, John S., European Crowns and Talers, Since 1800, 2nd Ed., London: Spink & Son, 1964.

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