Gold Pesetas - Complete Set (Originals and Restrikes)
1878(78) EMM 10P


Obverse
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Reverse
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Coin Details

  

Set Details
Origin/Country: SPAIN 1848 TO DATE
Design Description: GOLD 10 PESETAS
Item Description: 10P 1878(78) EMM over DEM KM677
Grade: NGC MS 64
Owner: JohnA
 
Winning Set: Gold Pesetas - Complete Set (Originals and Restrikes)
Date Added: 10/2/2013
Research: See NGC's Census Report for this Coin

Owner's Description

Mintage: 90,617.
NGC Census + PCGS Pop.: 19 total; 2 at MS-64, none higher.
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 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, the original DEM dies were finally used in 1961 and 1962 for the official restrikes of the 10 Peseta coin.

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