Mexico 1886/4-Cn M peso

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from the Stack's Bowers 2019 NYINC sale, lot 41224
Mexico SB119-41224r.jpg

This specimen was lot 41224 in Stack's Bowers NYINC sale (New York, January 2019), where it did not sell. The catalog description[1] noted, "MEXICO. Peso, 1886/4-Cn M. Culiacan Mint. NGC Unc Details--Reverse Scratched. From a mintage of only 277 pieces. Well struck with a clear overdate, fields that maintain impressive flash and the addition of some unfortunate scratches that surround the 1 in the denomination on the reverse. Regardless, VERY RARE as a date (seemingly even more so than the heralded 1889-Cn M date which appears far more frequently at auction) and highly sought as a key of the type." This specimen is a rare date of a series struck 1869-1905 at the Culiacan mint. Mexico City is the commonest mint, followed by Guanajuato, Culiacan, Zacatecas (scarce), Hermosillo (rare), Alamos (rare) and Chihuahua (rare). Even the common dates have low mintages but the type was widely hoarded, making it reasonably available today. Numerous date varieties exist.

Recorded mintage: 277.

Specification: 1.69 g, .875 fine gold, .047 troy oz AGW.

Catalog reference: Fr-160; KM-410.2.

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.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
  • [1]Ponterio, Richard, Kyle Ponterio, Matt Orsini and Cris Chatigny, The January 2019 NYINC Sale: Ancient Coins, World Coins & Paper Money, Santa Ana, CA: Stack's Bowers LLC, 2018.

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