Jalisco 1831 1/4 real

from the Stack's Bowers 2024 ANA sale, lot 41251

This specimen was lot 41251 in Stack's Bowers ANA sale (Chicago, August 2024), where it sold for $216. The catalog description^[1] noted, "MEXICO. Jalisco. 1/4 Real, 1831. Guadalajara Mint. NGC Fine Details--Environmental Damage. A VERY RARE example from the KEY DATE of this generally elusive issue. Circulated and slightly rough, it retains unmistakable detail and is free from any true distractions. A darkly toned rarity that could fill a longstanding gap in many collections. From the EMO Collection." This is an example of a copper quarter real from the state of Jalisco, struck at Guadalajara 1828-36. While the central government of Mexico reserved for itself the right to strike gold and silver, the states were permitted to strike the base metal coinage, a right which they exploited to the utmost. These coins could be minted and issued at a profit, a fact not lost on cash-strapped state governments. As these were to be quickly and cheaply made and forced upon a long-suffering populace, little effort was expended to make them nice; most survivors are poorly struck on badly prepared planchets and heavily worn. Counterfeits abounded and contributed to the abuse.

Today, state coppers are avidly collected. They are very challenging to find in nice condition and high grade examples are beginning to realize prices proportionate to their rarity. This type is crude, even by the standards of state coppers, and nice examples are scarce.

Recorded mintage: unknown.

Specification: copper.

Catalog reference: EMO-3076 (Plate coin); KM-353.

Source:

• Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
• Bailey, Don, State & Federal Copper and Brass Coinage of Mexico, 1824-1872, Hemet, CA, 2008.
• Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
• ^[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.

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• return to Mexican imperial and republican coinage, 1822-1905