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Mexican Coinage Abuelo's Collection.

Category:  World Coins
Last Modified:  9/17/2019
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Slot:
Origin/Country: MEXICO - TO 1823
Design Description:
Item Description: 8R 1822MO JM SHORT UNEVEN TRUNCATION 8RJM BELOW
Grade: PCGS MS 62
Research: View Coin
Owner Comments
From the sale's catalogue: Iturbide 8 Reales 1822 Mo-JM, Mexico City mint, KM310, MS62 NGC (actually PCGS). Mint State with attractive surfaces, a strong strike and beautiful grey-steel toning. A very popular type that is rarely encountered in this appealing grade.

PCGS Top Pop September 2014, only one higher by NGC at MS 63.
Slot:
Origin/Country: MEXICO - TO 1823
Design Description:
Item Description: 8R 1822MO JM EARLY EAGLE
Grade: PCGS MS 61
Research: View Coin
Owner Comments
This incredible coin has a magnificent eye appeal. It was offered by Heritage in 2014 and I was outbid just to find it almost 3 years later in eBay. Having great colour and very little in terms of contact marks except for one on the face of the Emperor. Unfortunately, despite the great appeal, likely due to weak strike, is missing the leg at the chest of the eagle on the obverse. PCGS Top Pop at the time of purchase..

From the sale's catalogue: "Augustin Iturbide 8 Reales 1822 Mo-JM, KM304, MS62 NGC. An enchanting example of this small bust/small eagle type with flashy blue, gold and crimson color encircling the peripheries and a central strike that is impressively detailed for the issue. A very scarce coin at the Mint State level and the finest of this type that we have had the pleasure of offering. Krause catalog price(s) for this item: $150 in VF, $300 in EF, $1100 in UNC".
Slot: 1842 Mo 1/4 REAL
Origin/Country: MEXICO - 1823-1909
Design Description:
Item Description: 1/4R 1842MO LR
Grade: NGC MS 64
Research: View Coin
Owner Comments
Delightful uncirculated little coin.
Slot: 1844 Ga 1/4 REAL
Origin/Country: MEXICO - 1823-1909
Design Description:
Item Description: 1/4R 1844GA LR
Grade: NGC VG Details
Research: View Coin
Slot:
Origin/Country: MEXICO - 1823-1909
Design Description:
Item Description: 4R 1840/30GO PJ
Grade: NGC VF 30
Research: View Coin
Owner Comments
This is a relatively rare issue. Worn but with no distractions, and the details very clear. At the time of purchase (September 2019) NGC has graded 2 coins, this one and one at 55. PCGS has graded none.
Slot:
Origin/Country: MEXICO - 1823-1909
Design Description:
Item Description: 4R 1843ZS OM
Grade: NGC VF 25
Research: View Coin
Owner Comments
The 4 reales series are incredible difficult. They are scarce (contrary to the 8 reales that are in general, readily available many in MS state. Four reales are usually well circulated and in poor condition. And they can be expensive.

At the time of purchase (September 2019) NGC has graded 2 coins, this one and one at 45. PCGS has graded none.
Slot:
Origin/Country: MEXICO - 1823-1909
Design Description:
Item Description: 2C 1883
Grade: PCGS MS 65
Research: View Coin
Owner Comments
Delightful little Gem. This is tough in this condition. At the time of purchase (September 2018) PCGS Top Pop with only 2@65.
Slot:
Origin/Country: MEXICO - 1823-1909
Design Description:
Item Description: 5C 1900CN Q NARROW C, OVAL Q
Grade: PCGS MS 63
Research: View Coin
Owner Comments
Delightful small 5 centavos coin with nice blue toning on the periphery of the obverse.

At the time of purchase (February 2018) PCGS has graded 8 coins, 1@63, 2@64, 3@65, and 2@66.
Slot:
Origin/Country: MEXICO - 1823-1909
Design Description:
Item Description: 10C 1903CN Q
Grade: PCGS MS 64
Research: View Coin
Owner Comments
Nicely toned little coin, in great condition. Just as minted. At the time of purchase (September 2019) PCGS has only 2 coins graded (this one and an AU58). NGC has graded 3 coins, 2@62 and 1@63. Therefore Top Pop for both services!
Slot:
Origin/Country: MEXICO - 1823-1909
Design Description:
Item Description: PESO 1898MO AM RESTRIKE
Grade: NGC MS 66
Research: View Coin
Owner Comments
Uber Gem delightful coin. This is a pristine sample of the 1898 restrike Cap and Ray peso. The fields are pristine, tons of luster. Despite not being uncommon coin (at the time of purchase, April 2017, NGC had certified 235 specimens) it is at this select quality as there are only 19@66 and 2@67.

The story behind this coin is very interesting. Both the Mexico City and the San Francisco (USA) mints were producing these coins in 1949 to pay the Nationalists army of Chiang Kai-Shek, who was fighting the communists. This type of coin was very familiar to the Chinese as it had circulated for decades over Asia. Therefore soldiers were familiar with the issue and accepted it as payment.

The Mexico City mint was to strike 10,250,000 pesos but due to the urgency of the need, the San Francisco mint was subcontracted to strike 2,000,000 pesos leaving Mexico to strike the remaining 8,250,000. All of the dies for striking the pesos were prepared in Mexico City and small changes were made to differentiate the restrikes from the 1898 originals.

The easiest way to tell a restrike from an original is to examine the coin's mintmark "Mo". On the original peso the tops of the mintmark 'M' and 'o' lined up horizontally while on the restrike the top of the 'o' is significantly higher than the top of the 'M'. In my experience, this is easier than counting the denticles as you can see in one minute.

Supposedly one could tell the restrikes from the originals by the number of denticles, the beads around the rim of the design, but as the denticle counts on original pesos differ from coin to coin this method does not always work (besides, good luck counting!). Original pesos have been observed with obverse denticle counts of 134, 139, and 140, and reverse denticle counts of 137, 138, or 139. The restrikes are more consistent with 134 denticles on the obverse and 131 on the reverse.

Dr. Alberto Pradeau ("Dean" of Mexican Numismatics from the first half of the XX century) found that of the 8,250,000 pesos produced by the Mexico City mint between August to November 1949, 2,526,978 were delivered to the Republic of China via Hong Kong and Canton, 1,942,000 were stored in the vaults of the Mexico City mint, 3,779,000 were sent to Hermosillo, Sonora during the month of June 1950 for melting, and 2,022 were kept by the Bank of Mexico. Dr. Pradeau is reported to be an eye witness of the minting of these coins at the San Francisco Mint.

Of interest the Mexican Monetary Law of 1905 permitted restriking of the 1897 and previous eight reales coins for export only, but not the 1898 and later peso coins. It appears that some of these restrike pesos were sold to the public as bullion coins as this was a normal practice in Mexico which had struck it's own bullion "onza" coins in 1949.

The San Francisco mint 2,000,000 pesos had a different fate. They were struck at the mint from June to August of 1949 and were taken from the mint to the vaults of the nearby Bank of America to await shipment to China. But the coins were sold back to the San Francisco Mint, melted, and recycled into American coins. It appears that no San Francisco restrike pesos were saved as few people learned of the striking before they were melted.

For more information and some images you can visit http://www.brianrxm.com/comdir/cnsmain_mexicopesochina.htm

Slot:
Origin/Country: MEXICO - 1905 TO DATE
Design Description:
Item Description: 1C 1934Mo
Grade: PCGS MS 65 Brown
Research: View Coin
Owner Comments
Delightful uncirdulated 1 centavo coin with nice chocolate surfaces. Impecable!
Slot:
Origin/Country: MEXICO - 1905 TO DATE
Design Description:
Item Description: 5C 1917Mo
Grade: PCGS AU 55 Brown
Research: View Coin
Owner Comments
Very nice chocolate colour almost uncirculated 5 cent coin. This is a tough date for the series, and even more difficult in this grade of preservation. Very handsome piece.
Slot:
Origin/Country: MEXICO - 1905 TO DATE
Design Description:
Item Description: 20C 1946Mo
Grade: PCGS MS 65 Brown
Research: View Coin
Owner Comments
Delightful chocolate colour. At the time of purchase (December 2017) PCGS has graded only 1 higher.
Slot:
Origin/Country: MEXICO - 1905 TO DATE
Design Description:
Item Description: 20C 1944Mo
Grade: PCGS MS 65 Brown
Research: View Coin
Owner Comments
Delightful chocolate colour. At the time of purchase (December 2017) PCGS Top Pop.
Slot:
Origin/Country: MEXICO - 1905 TO DATE
Design Description:
Item Description: 20C 1957Mo
Grade: PCGS MS 66 Red
Research: View Coin
Owner Comments
Very nice red "veinte" from 1957. At the time of purchase (December 2017) PCGS has certified 14, 4@65, 9@66, and 1@66+.
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