Mexico 1924-M centavo

Ponterio sale 164, lot 2853

photo courtesy Stack's-Bowers LLC

another specimen, regular date, from the Mountain Groan Collection

This specimen was lot 2853 in Ponterio sale 164 (New York, January 2012), where it sold for $690. The catalog description^[1] noted, "MEXICO. Centavo, 1924/3-Mo. Very scarce in top condition. Sharply struck with traces of mint red. PCGS MS-65 BN." This centavo is a better date of its type which was struck 1905-49. As such, the type had the longest run of any coin type in twentieth century Mexico. This date is scarce; some of the earlier dates, such as 1915-22 and 1924-25, are scarce. Specimens with mint red are virtually unknown. In 1950, the centavo was downsized and changed to brass (KM 417) in which form it was issued until 1973, long after it had ceased to have any purchasing power.

Recorded mintage: 2,000,000.

Specification: 3 g, bronze, plain edge.

Catalog reference: KM 415.

Source:

• Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
• 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.
• Harris, Robert P., A Guide Book of Modern Latin American Coins, Racine, WI: Whitman Publishing Co., 1966.
• Utberg, Neil S., The Coins of Mexico, 1536-1963, San Antonio, TX, 1963.
• ^[1]Ponterio, Richard, Ponterio sale 164: The January 2012 N.Y.I.N.C. Auction, Irvine, CA: Stack's Bowers LLC, 2011.

Link to:

• 1923 centavo
• 1924 2 centavos
• 1924 5 centavos
• 1924 peso
• 1924 50 pesos
• 1926 centavo
• Coins and currency dated 1924
• return to Mexican coinage of the modern era, since 1905