NGC Registry

Collection Manager >

Spain Gold 10 Pesetas, Alfonso XII (1878, 1879)

Category:  World Coins
Owner:  JohnA
Last Modified:  3/4/2024
Set Description
Circulation Issue. Two-year type, 1878 and 1879, with restrikes in 1961 and 1962. This custom set includes the rare variant 1878(78) EMM over DEM. For restrike examples, please refer to my Custom Set titled "Spain Gold Pesetas Official Restrikes (1961, 1962)."

OBVERSE: Portrait of Alfonso XII engraved by Gregorio Sellán in 1876 when Alfonso XII was 18 years old.

REVERSE: Centered in a crowned mantle, the royal coat of arms displays the five major realms of unified Spain: the castle for Castile, the lion for León, the stripes for Aragón, the linked chains for Navarre, and (at the bottom) the pomegranate (granada) for Andalusía. The fleurs-de-lis in the center represent the House of Bourbon dynasty of kingship. The coat of arms is flanked with the collar and insignia of the Order of the Golden Fleece, an exclusive order of European royalty of which the king of Spain is the sovereign member.

In the Slot Name and the Item Description of each set coin, below, the numbers in parentheses identify the date of actual mintage, stamped incusely into the stars located on either side of the authorization date. The authorization date, seen clearly on the coin, is the date of the Spanish law that authorized the minting of a particular quantity of this denomination for legal coinage. From 1868 to 1982 all Spanish peseta coins contained two dates, the authorization date and the mintage date. The use of two dates on regular coinage is a distinctive feature of Spanish peseta coins and is not seen elsewhere in the world.

On these 10-peseta coins, which were authorized and minted in 1878 and 1879, the left star reads "18" and the right star reads "78" or “79.” However, on other coins the authorization date and the mintage date are not always the same. For instance, when restrikes of the 1878 coin were minted in 1961 and 1962, the authorization date remained 1878 but the dates in the stars were "19" in the left star and either "61" or "62" in the right star.

The three initials in the Item Description (e.g., EMM) are the initials of the two mint assayers followed by the mint's scale judge. They personally guaranteed the coin's purity and weight. Their initials appear on the reverse side of the coin, assayers to the left, scale judge to the right.

The mint mark is the 6-pointed star, meaning "minted in Madrid." Mints in other Spanish cities used 3-, 4-, 7-, or 8-pointed stars. All peseta gold coins for Spain were minted only in Madrid. By 1870, the other mints had closed.

Coin weight 3.225806 grams. Purity 900 fine.
Coin diameter 19 millimeters, thickness 0.8 millimeters.
Gold content 0.09334 ounce.

Set Goals
Complete 3-Coin Set of Circulation Issues.

Slot Name
Origin/Country
Item Description
Full Grade
Owner Comments
Pics
View Coin 10 PESETAS 1878 (*18-*78) SPAIN 1848 TO DATE 10P 1878(78) EMM KM677 NGC MS 62 According to Cayón's definitive two-volume catalogue, "Monedas Españolas del Tremis al Euro" (vol. 2, p. 1335), a full set of original 10 Peseta gold coins consists of three examples:

No. 17520: 1878(78) EMM
No. 17521: 1878(78) EMM sobre DEM
No. 17522: 1879(79) EMM

This is the First Slot, 1878(78) EMM.

In the Reverse image, compare the strike of the assayers' initials (EM) with the strike in the Reverse image in the Next Slot (EM over DE).
View Coin 10 PESETAS 1878 (*18-*78) SPAIN 1848 TO DATE 10P 1878(78) EMM over DEM KM677 NGC MS 64 Mintage: 90,617.
Portrait of Alfonso XII at age 18. Engraved by Gregorio Sellán.
EMM = Escosura, Morejón, Mendoza (over DEM = Diaz, Escosura, Mendoza; see below).

10 Peseta coins were minted contemporaneously with 25 Peseta coins during the reign of Alfonso XII, but the smaller denomination was completely overshadowed by the larger one. Altogether, only 123,864 coins of 10 Pesetas were minted (over 2 years) versus 37,337,622 coins of 25 Pesetas (over 11 years), a coinage ratio of 1-to-301 and a face value ratio of 1-to-753.

Today, original 10 Peseta coins of either date are hard to find.

In addition, this example is a rare variant, "EMM sobre DEM" ("EMM over DEM") as catalogued in Cayón (#17521). Mid-year 1878, Morejón replaced Diaz as one of two mint assayers. Minting did not begin until after this occurred and generally the coins were struck with new EMM reverse dies. But at least one of the DEM reverse dies was modified to EMM. Interestingly, many unused, unaltered DEM dies were kept in storage and finally used in 1961 and 1962 for the official restrikes of the 10 Peseta coin.
View Coin 10 PESETAS 1879 (*18-*79) SPAIN 1848 TO DATE 10P 1879(79) EMM KM677 NGC AU 53 Mintage: 33,247.
NGC Census + PCGS Pop.: 4 total; 2 at AU-53, none higher.
Portrait of Alfonso XII at age 18. Engraved by Gregorio Sellán.
EMM = Escosura, Morejón, Mendoza.

Rare. Very hard to find in any condition. None have graded higher than AU-53.

The images above are from Heritage Auctions, who describe this example as follows: "An attractive coin for the designation with scant friction evidence over the high points and substantial subdued luster. The handling marks are commensurate with the assigned grade and the strike appears rather strong. A very scarce or rare type, most elusive and desirable in this quality."

To follow or send a message to this user,
please log in