Zacatecas 1831 1/8 real

from the Stack's Bowers 2024 ANA sale, lot 47147

This specimen was lot 47147 in Stack's Bowers ANA sale (Chicago, August 2024), where it sold for $65. The catalog description^[1] noted, "MEXICO. Zacatecas. 1/8 Real, 1831. Zacatecas Mint. NGC VF Details--Environmental Damage. From the EMO Collection. Virgil Brand & Norweb Collections." This specimen is one of a series of brass eighth reales issued 1825-27, 1830-35, 1846, 1851-52, 1858-63 by the "free and sovereign" state of Zacatecas. It is a rare date. 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.

Recorded mintage: unknown but a better date.

Specification: 4 g, brass.

Catalog reference: KM-338.

Source:

Bailey, Don, State & Federal Copper and Brass Coinage of Mexico, 1824-1872, Hemet, CA, 2008.
Bailey, Don and Lois, Whitman Encyclopedia of Mexican Money, Volume 1, An Illustrated History of Mexican Coins and Currency, Atlanta: Whitman Publishing, 2014.
Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
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, August 2024 Global Showcase Auction, World & Ancient Coins, featuring The Emilio M. Ortiz Collection, The Richard Margolis Collection and The Rutherford Collection, Costa Mesa, CA: Stack's Bowers Galleries, Inc., 2024.

Link to:

Zacatecas 1831 1/8 real

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