Mexico 1877-Pi MH 8 reales

from the Stack's Bowers June 2021 Collector's Choice sale, lot 72348

This specimen was lot 72348 in Stack's Bowers Collector's Choice sale (Costa Mesa, CA, June 2021), where it sold for $360. The catalog description^[1] noted, "MEXICO. 8 Reales, 1877-Pi MH. San Luis Potosi Mint. PCGS MS-62 Gold Shield. Though struck from slightly worn dies, this nearly choice specimen dazzles with great cartwheel brilliance and features a soft argent nature accentuated by some olive hints." In 1873, the Mexican government, facing rejection of its balance scale peso in its main export market of Asia, resumed the production of cap-and-ray eight reales. This late period of 1873-97 saw large mintages and few rarities. This date is common but the 1877/6 overdate is rare. Assayer MH is listed for 1873-79.

Recorded mintage: 1,018,000.

Specification: 27.07 g, .903 fine silver, .786 troy oz ASW.

Catalog reference: KM-377.12; DP-Pi63.

Source:

• Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
• Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
• Dunigan, Mike, and J. B. Parker, Resplandores: Cap and Ray 8 Reales of The Republic of Mexico, 1823-1897, Beverly Hills, CA: Superior Stamp & Coin, 1997.
• Elizondo, Carlos A., Eight Reales and Pesos of the New World, San Antonio, TX: 1968.
• Raymond, Wayte, The Silver Dollars of North and South America, 2nd Ed., Racine, WI: Whitman Publishing, 1964.
• ^[1]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, The June 2021 Collector's Choice sale: World and Ancient Coins, Costa Mesa, CA: Stack's Bowers LLC, 2021.

Link to:

• 1876-P^I 8 reales
• 1877-G^A centavo
• 1877-M^O centavo
• 1877-P^I centavo
• 1877-D^O 5 centavos
• 1877-G^A 5 centavos
• 1877-G^O 5 centavos
• 1877-M^O 5 centavos
• 1877-Z^S 5 centavos
• 1877-G^A 10 centavos
• 1877-G^O 10 centavos
• 1877-P^I 10 centavos
• 1877-A 25 centavos
• 1877-D^O 25 centavos
• 1877-G^O 25 centavos
• 1877-H^O 25 centavos
• 1877-M^O 25 centavos
• 1877-P^I 25 centavos
• 1877-Z^S 25 centavos
• 1877-C^N 50 centavos
• 1877-C^N 50 centavos
• 1877-D^O 50 centavos
• 1877-G^O 50 centavos
• 1877-H^O 50 centavos
• 1877-P^I 50 centavos
• 1877-Z^S 50 centavos
• 1877-C^A AV 8 reales
• 1877-C^A EA 8 reales
• 1877-C^A GR 8 reales
• 1877-C^N 8 reales
• 1877-D^O 8 reales
• 1877-G^A 8 reales
• 1877-G^O 8 reales
• 1877-H^O AF 8 reales
• 1877-H^O GR 8 reales
• 1877-H^O JA 8 reales
• 1877-M^O 8 reales
• 1877-O^A 8 reales
• 1877-Z^S 8 reales
• 1877-M^O peso oro
• 1877-M^O 2½ pesos
• 1877-D^O 5 pesos
• 1877-Z^S 5 pesos
• 1877-D^O 10 pesos
• 1877-M^O 20 pesos
• Coins and currency dated 1877
• return to Silver eight reales of Mexico, 1822-1897