The Gold Escudo Type Set, Hand on Book Custom Set, 1825-1870, Circulation Issue Abuelo's Collection

Owner Comments:

Circulated and possibly softly struck as many gold issues from the Republic. This coin is as rare as they come. According to Mr Richard Long in his book Gold Coins of the Mexican Republic, this is an extremely rare coin. He knew of only 3 specimens: a VF (this one?), an XF, and an AU (perhaps the one from The FoxLair Collection $4406.25 [Long Beach September 2014]). He only has record on 2 sales, 1 in 1976 and another in 1990. An MS62 NGC example of this date, obviously unknown to Mr Long, hammered for $7,000 in Ponterio's 1/2011 auction (lot 140). Mr Long does not even include a sale’s chart in the book (as he does with nearly every other issue) due to the rarity of the coin. At the time of purchase (May 2018) NGC has only graded 3 coins, this one, 1@50 and 1@62.

From the sales catalogue: "Fr-87; KM-380.7. VERY RARE date, the last example that we handled was a MS62 that hammered at $7000-($8260 w/BP) in our January, 2011 sale (lot 140). A very presentable circulated example of the date, with some weakness in the centers but even wear and no distracting marks".