Agosto canicular 8 reales II

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AUSTRALIAN Proclamation Coins – Monedas de proclamación australianas

Stack´s Bowers (USA)

BOLIVIA. 8 Reales Royal, 1655-P E. Philip IV (1621-65). NGC VF Details–Holed.
27.10 gms. KM-R21; Laz-144. Well struck with good definition of the design features which include three very clear dates. Nearly complete legends on the obverse with portions of the tops of letters at about 9 o’clock off the flan, while the reverse boldly displays the King’s name and ordinal with some of the remainder off the flan. Mostly bright gray with deep toning in the recessed areas. Holed, as most are, although quite neatly done and therefore of little detraction to the overall appearance.
NGC VF Details–Holed.

CURACAO. 3 Reaals (18 Stivers or Guillotine), ND (ca. 1800-01). PCGS Genuine–Tooled, Fine Details Secure Holder.
6.60 gms. KM-7; Prid-pg. 251 Fig. 25; Scholten-1368a. “Star” or Rosace of five petals countermark applied to reverse of a cut 1/4 Dollar with crenated edges of 1793-MoFM bust 8 Reales of Charles IIII(IV). During the governorship of J. K. Lauffer small silver coinage was obtained by cutting whole Spanish Dollars into quarters. A quantity of 7,000 Dollars were cut into equal parts by goldsmith H. J. Hoyer and were declared current at 3 Reaals or 18 Stivers. The local name given to these as referred to in public notices was “Guillotinos”. A public notice of 3rd March 1801 warned against forgeries. VERY RARE and very interesting, much more so than the later more common British occupation issues of cut 1/5 Dollars. It should be noted that the indent on the reverse next to the date is identical to the example plated in Fred Pridmore’s ground breaking work “The Coins of the British Commonwealth of Nations Part 3 West Indies”. The countermark is well placed and bold. Though the holder indicates tooling this is not accurate, numerous scratches are present on both the obverse and reverse from long ago now toned over. The date and KM number listed on the PCGS insert are incorrect. Dark gray to charcoal toning throughout with hints of blue that pop out when tilted in the light. Another treat for the specialist of West Indies cut and countermarked issues. Countermark VF Details, host coin
PCGS Genuine–Tooled, Fine Details Secure Holder.

JAMAICA. 6 Shillings 8 Pence (Dollar 8 Reales), ND (Act of 18 November 1758). PCGS VF-35 Secure Holder.
KM-8.2; Prid-4. Bi-facial floral “GR” countermark well applied to centers of a 1755 Mexico 8 Reales (KM-104.2). Lovely mottled old envelope tone displaying hues of blue, sea foam green and rose. A lovely example with good eye appeal. Countermark VF Details, host coin
PCGS VF-35 Secure Holder.
From the Cardinal Collection Educational Foundation.#1 PCGS Registry Set of “World Coins Circulating in Early America”.


Highly Important UTRUQUE Error Legend Variety
MEXICO. 8 Reales, 1746-MF. Philip V (1700-46). NGC VF-35.
KM-unlisted; Gilboy-unlisted. EXCESSIVELY RARE error variety with “UTRUQUE” instead of “UTRAQUE” on the date side. Well struck with contained wear over the higher devices defining the designation and mild adjustment marks on the shield. A premium example for the assigned grade with problem-free surfaces. The discovery piece of this little known and excessively rare variety, which remains unlisted in the Krause and Gilboy reference work. Spelling errors are not unknown for the Spanish Colonial pillar series of 8 Reales with the Potosi 8 Reales 1768 PTS-JR with spelling error “URTAQUE” instead of “UTRAQUE” (6-7 known examples) and the Lima 8 Reales 1771 LM-JM with the error “HIAPSN” instead of “HISPAN” (around 12-15 examples known) the most noteworthy. Both are duly considered as key issues to complete their respective series. The present coin’s rarity propels it into an entirely different level of desirability: only 3 examples are known, one of which is likely impounded for a long time in a private U.S. collection. The present offering thus represents a very rare opportunity to acquire the rarest issue amongst the Mexican pillar 8 Reales (and the key to complete a set of this ever-popular series).
NGC VF-35.
Ex: Darwin Palmer Collection.

Estimate: 10’000 USD   |   Starting price: 6’000 USD

Magnificent Lima Pillar Dollar
PERU. 8 Reales, 1762-L JM. PCGS MS-65 Secure Holder.
KM-A64.1 (marked A64.2 on slab); Gil-L-8-14B; cf.El-14; Cal-Type 96#837; FC-13b. Single finest certified of the type on the PCGS population report. Variety with dots above both mintmarks. Strong repunch of the 7 and 6 in date. Highly lustrous satiny surfaces with attractive steel gray toning and a nice cartwheel effect, a piece with great eye appeal in this much sought after lofty grade. A spectacular example destined for the finest of cabinets.
PCGS MS-65 Secure Holder.
From the Cardinal Collection Educational Foundation.#1 PCGS Registry Set of “World Coins Circulating in Early America”.

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Agosto canicular 8 reales I

Sigo en solaz receso , valga la redundancia, por lo que tampoco voy a contaros / dar detalles sobre mi no del todo ociosa existencia, más que nada por su falta de interés / trascendencia. Espero seguir así hasta mediados de septiembre.

De mis lecturas, viajes, audiciones y experiencias varias, todas relativamente alejadas de mi afición por las moneditas, valgan los post scriptums (P.S.)

En agosto no hay muchas subastas, ninguna en España, por lo que de un vistazo rápido por USA, Australia, Japón, UK y Austria, destaco alguna pieza.

Siempre me han llamado la atención las monedas procedentes de pecios, por su historia añadida

Desde Japón

En Heritage siempre hay cosas interesantes…muuuyyyyyyy interesaaaantesssss

Estimate: 10’000 USD   |   Starting price: 5’000 USD

Charles III Pillar 8 Reales 1768 So-A VF Details (Chopmarked) NGC, Santiago mint, KM18, Eliz-15, WR-2. Obv. Crowned arms divide assayer and denomination. Rev. Crowned globes between crowned pillars. The strike is a bit soft above the date and on the corresponding area on the obverse. The surfaces are a bit rough, with 2-3 small chopmarks on both the obverse and reverse. An extremely rare issue, with the XF45 Millennia Collection example (sold by Ira & Larry Goldberg in 2008 at $39,000) possibly the only piece sold at auction in the last 20 years. Previous to that, in the Ponterio Amat Collection Sale of March 1991, a VF/XF realized $27,500. The first with have offered and one of the few pieces extant.HID05401242017

Estimate: 50’000 USD   |   Starting price: 25’000 USD

Danish Asiatic Company. Christian VII Trade Piastre 1777 AU55 NGC, Kongsberg mint, KM639.2, Dav-412, Salvesen-52. An extraordinary offering that features the crowned arms of Denmark, Norway, and Sweden across the obverse. The reverse presents the crowned, globe-shaped arms of Denmark and Norway between two pillars with the island names of ISLAN, GRÖNLAN, and FERÖ below. Thick, cobalt-dove patina covers the entirety of the planchet, with cordovan coloring at the legends and original luster that gleams from the expanses. The strike has been rendered with authority and any effects of handling remain well concealed beneath the darkened patination. Struck for trade in the Orient, the design of this historically important “Greenland Dollar” was inspired by the Spanish colonial pillar 8 Reales, and was issued in the year that the Danish Asiatic Company ceded Asian trade rights to the Danish crown. A scarce offering in total, with Salvesen reporting a mintage figure of 21 known pieces, 12 of which are in museums. Ex. Millennia CollectionHID05401242017

Estimate: 500’000 USD   |   Starting price: 250’000 USD

Charles and Johanna “Early Series” Rincón 8 Reales ND (c. 1538) •M•-•M• AU50 NGC, Mexico City mint, 36.5mm, 27.13g, KM-Unl., Calico-68, Nesmith-Unl. hISP[]ИIE : [ornament?] : [ornament?] : ET : IИDIARRVM : RE [truncated S?]:, a pair of crown-topped pillars (representing the Pillars of Hercules), rhomboidal banner in between with the word PLVS, one pellet above, one in either corner; R below (for Francisco del Rincón), cross above (value marker), all with inner beaded border / AKROLVVS (V double struck) : [ornament?] : ET : IOhAИA : D, crowned shield with turrets in first and fourth quadrants (representing Castile), and lions in the second and third (representing Leon), pomegranate at bottom (representing Granada); •M• (mintmark, stacked) on either side, all within inner beaded border. Perfectly centered and well-struck for the type. Wonderful slate gray surfaces that continue to emit rays of gorgeous mint luster. Once considered to be a purely conjectural piece, this earliest of crown-sized coins struck in the New World–just two years after the establishment of the mint (later Mexico City) by royal charter in 1536–represents a minuscule group of just 3 known pieces recovered from the shipwreck of the “Golden Fleece” (sunk c. 1550) in 1990, and sold at public auction in 2004, 2006, and 2014 respectively. First suggested by the testimony of Francisco Tello de Sandoval after an investigation of the mint in 1545 (though legislation for the minting of such pieces had been issued on November 18, 1537), the present offering displays all of the tell-tale signs concordant with this and other 16th-century accounts while hardly evincing a trace of saltwater damage: – The legends, crudely blundered in numerous places and often showing double-striking, frequently contain breaks, in keeping with nearly ubiquitous contemporary statements that such pieces were “very difficult” to mint. – There is, in general, very little wear on the flan, with the coin maintaining nearly its full weight, confirming Juan Gutierrez’s statement that they “were not circulating”. – It carries the initial of the mint’s first assayer, Francisco del Rincón, who served his two-year term of office between 1536 and 1538. Aside from the unabashed illiteracy of the legends (a sign that these early pieces were produced by native, New World mint workers), the present offering bears several other key clues to its early production, including the older, Gothic style of numerous letters in the legends, most particularly the M mintmarks on either side of the crowned royal shield of Spain, while the remainder of the orthography conforms to “new” Latin lettering. From a more world-historical perspective, while this initial experiment aimed at a colonial crown-sized silver coinage initially failed, such experimentation conformed with and reflected Spain’s newfound wealth and domineering aspirations at the dawn of the sixteenth-century. Perhaps planned as the potential backbone of a nascent colonial empire, this issue proudly asserts Spain’s central position in the world political order, conveying via the motto between the Pillars of Hercules–the old border of the known world–PLVS (“beyond”, in direct defiance of the ancient motto Ne Plus Ultra, nothing further beyond) that the new superpower was no longer to sit idly on the edge of global affairs. While earlier offerings of this type were somewhat hampered by confusion over the quantity of pieces recovered, which we now know to be only three, typically achieving $350,000 to $450,000, the sale of a third (but inferior) piece in 2014 for $587,500 demonstrated the untapped potential of this exquisite issue. With the current piece far outranking the 2014 specimen in terms both of execution and preservation, we expect this truly magisterial piece to soar to ever greater heights, and it is sure to ignite the fiercest of bidding amongst potential buyers. Ex. Heritage New York Signature Auction #397, January 2006, Lot 14177 Selection from the Isaac Rudman Numismatic CabinetHID05401242017

De menos, 5.000 a más, 500.000 dólares…y aquí lo voy a dejar por hoy, que siento cierto mareo 😉 Continuará…

Si queréis, podéis preguntaros si habéis visto alguna de estas, aunque no sólo, monedas en alguna otra subasta reciente española, precio de adjudicación, procedencia…¿Por qué aparecen en agosto estos monedones? ¿Quién está “deshaciendo posiciones”? ¿?




Copio y pego. Gracias.


por Ernesto Gutiérrez Guinea

La adelantada de las acuñaciones a molino en el Nuevo Mundo fue, como no podría ser de otra manera, a Ceca de Méjico. Nueva España, el nombre oficial del territorio mejicano, siempre fue la zona colonial española no solamente mas prospera, sino también la mas vinculada a la metrópoli. Por ello, nada tiene de extrañar que la primera Casa de Moneda que emitiera moneda de cordoncillo en aplicación de la Ordenanza de 1728 de Felipe V, fuera la de Méjico. No obstante, así como la aplicación de la disposición en España tuvo un carácter inmediato para las cecas de Madrid y Sevilla, que ya en 1729 comienzan la labra de las nuevas monedas con el diseño tradicional de escudo imperial y leones y castillos en ambas caras, la aplicación de la Ordenanza en América no fue asunto fácil de llevar a cabo.


Por otra parte, la larga duración de la travesía del atlántico, de Sevilla a Vera Cruz, dificultaba el envió del material necesario para proceder a las nuevas acuñaciones. No solamente se trataba de cuños y troqueles, sino del transporte de las pesadas prensas de volante, necesarias para la acuñación, de acuerdo con los términos de la Ordenanza de 1728. Por otra parte, como sabemos, las cifras de producción de moneda de gran módulo en Méjico siempre habían sido del (del orden de 5 veces) muy superiores a las correspondientes a cualquier Ceca peninsular. Esto hacia necesario que se dispusiera de una maquinaria mucho mas productiva, por lo que se requería el uso simultaneo de un número muy alto de prensas. Como consecuencia de todo ello, se evidenciaba la necesidad de continuar la producción de moneda macuquina en la ubicación tradicional de la Casa de Moneda, para poder mantener la capacidad de emisión, del orden de mas de 5 millones de piezas de 8 Reales, en aquellos momentos.


Por tanto, fue necesario emprender la construcción de una nueva Casa de Moneda a ubicar en la misma calle que la anterior, llamada de la Moneda, decisión que fue tomada en 1731. Los hermanos CAYÓN  han publicado un interesante artículo sobre los avatares por los que atravesó la Casa en sus primeros momentos, hasta la conclusión de su edificio en 1734. Este artículo, resultado de su trabajo de investigación sobre el tema, y de la extraordinaria documentación numismática acumulada durante muchos años por la familia CAYÓN, está publicada en el catálogo de la subasta de un importante colección de Duros españoles, organizada por CAYÓN en el Hotel Ritz de Madrid el 4 de febrero de 2012, en la que están incluidas 4 valiosas piezas emitidas en este periodo (1732-1733).


Las piezas columnarias de Méjico de 1732 y 1733 siempre han ejercido una gran atracción para los coleccionistas del Nuevo y del Viejo Mundo. Por un lado, son las primeras monedas de cordoncillo producidas en América, y por tanto, son un antecedente muy directo de la emisión de Dólares de plata por parte de los Estados Unidos y de 8 Reales y Pesos producidos con la misma métrica por los países hispanoamericanos después de la Emancipación. Y por otro lado, los ejemplares producidos en estos años, necesariamente tuvieron que ser acuñados en un número muy reducido (aunque desgraciadamente por el momento no se dispone de cifras de fabricación desglosadas, por referirse las estadísticas  a totales de plata acuñada, incluyendo la de moneda macuquina) a juzgar por el escaso número de ejemplares conservados.


Además, parece evidente que estas monedas de 1732 y 1733 tenían un carácter de cuasi pruebas, ya que su objeto no era el de producir circulante (lo que se seguía llevando a cado con la emisión de monedas macuquinas en estos dos años), sino verificar el funcionamiento de la maquinaria importada desde España y comprobar la forma definitiva en que ésta debía quedar instalada en la nueva Casa de Moneda. Este carácter de cuasi prueba queda acreditado por la extraordinaria riqueza de detalles que presentan las monedas columnarias de estos dos años, que no llegará a ser superada por acuñaciones posteriores, sean de: Méjico, Lima o Potosí. Además no sabemos por qué circunstancias, la mayor parte de las piezas de estos dos años que han llegado hasta nosotros, procede del rescate del pecio del navío Hollandia, por lo que la mayor parte de los ejemplares supervivientes tienen grandes oxidaciones procedentes de su contacto con agua de mar, lo que hace aún mas deseables los ejemplares carentes en absoluto de estas oxidaciones.


PRADEAU ha publicado en su historia Numismática de Méjico las cifras de acuñación total de moneda de plata producida por esta Ceca, de 1733 a 1821, expresada en pesos. Estas cifras oscilan de 7 a 11 millones de pesos con Felipe V, de 11 a 13 con Fernando VI, de 10 a 23 con Carlos III, de 15 a 25 con Carlos IV y de 4 a 24 con Fernando VII. Repasando las cifras anuales, vemos que el comienzo de las acuñaciones de moneda de busto en 1772 durante el reinado de Carlos III, no representa un incremento en las cantidades de moneda producidas a partir de ese año, aunque sí se observa una tendencia creciente en las cantidades acuñadas desde 7 millones en 1735 (año de mínima producción con Felipe V)  hasta casi 25 millones en 1809 (año de máxima producción con Fernando VII). Sin embargo, es evidente que la rareza actual de los 8 Reales de tipo columnario es muy superior a la de las piezas de busto, incluso si la comparamos con las mas escasas de éstas, como las de Carlos III.


En cuanto a precios, si dejamos apartada la cuestión de los de las piezas de 8 Reales de 1732y 1733 que comentaremos después, al igual que procedimos con los de las piezas peninsulares de 8 Reales de: Carlos III, Carlos IV, y Fernando VII, la fuente mas fiable que hemos podido utilizar, es la de los precios de adjudicación en subastas celebradas en los últimos años (entre 2000 y 2011) ya que al ser piezas que aparecen con frecuencia suficiente, sobre todo en España y Estados Unidos, resulta posible efectuar el análisis de correlación y calculo de medias y desviaciones, con bastante exactitud. Es basados en estos datos y en el conocimiento de las cifras de cantidades globales de plata acuñada año a año, hoy disponibles para las cecas de: Méjico, Lima y Potosí, por lo que hemos podido también formular hipótesis sobre la tirada anual de estas piezas para cada tipo diferente de monedas de 8 Reales, por reyes y cecas.


En las entradas dedicadas a los 8 Reales de cordoncillo hispanoamericanas iremos dando cuenta del resultado de estos análisis estadísticos. No obstante, ahora debemos adelantar algunas conclusiones respecto a los precios de los 8 Reales columnarios de Méjico, puesto que vamos a proceder a la valoración de varias de estas piezas en esta entrada. Con carácter general, podemos decir que nosotros consideramos que la rareza de las piezas comunes columnarias de 8 Reales de: Felipe V, Fernando VI, y Carlos III, es muy semejante, tanto por el número de ejemplares que aparece en subastas, como por el precio de adjudicación que alcanzan en ellas, para una determinada conservación. Ciertamente, las piezas de Felipe V han tenido un mayor uso que las de los reyes posteriores, por su mayor antigüedad. No obstante, al tratarse en general, de piezas acuñadas a mayor presión y por tanto con mayor relieve, la realidad es que la conservación media de las piezas subastadas es muy similar para las de cualquiera de estos reyes.


En cuanto a los precios alcanzados por los 8 Reales columnarios de Méjico, en sus distintas conservaciones, nuestra conclusión es que el salto de un grado equivale aproximadamente a multiplicar por vez y media el precio de la pieza, a igualdad de los demás factores. Así los precios de las piezas de 8 Reales columnarios comunes de: Felipe V, Fernando VII y Carlos III, sería: 100€ en VG, 200€ en F, 300€ en VF, 450€ en XF y 600€ en AU. En cuanto a los precios de las piezas acuñadas en Méjico en 1732 y 1733, ya no resulta posible el analisis estadísticos, ya que el número de ejemplares subastados en estos últimos años es muy escaso. Por ello, preferimos indicar nuestra  estimación de valor para cada uno de los cinco tipos de piezas acuñadas en estos años y posteriormente facilitar las valoraciones de algunos catálogos de moneda española de muy reciente edición, y los de las últimas subasta significativas para este tipo de  piezas.


Nuestra estimación de precios actuales para este tipos de piezas son los siguientes: 1732, 33.000€ en AU+, 1733MoF, 15.000€ en AU+, 1733MXF, 15.000€ en AU+, 1733MXMF, 15.000€ EN AU+ y 1733MoMF, 5.000€ en AU+. En CALICÓ 2008 los precios de estas piezas son los siguientes: 1732, 10.000€, 1733MoF, 8.000€ en VF, 1733MXF, 10.000€ en VF, 1733MXF, 15.000€ en VF, 1733MoF, 4.200€ en VF. Y en PEIRO 2007 los precios en VF son los siguientes: 1732, 9.000€, 1733F, 7.000€, 1733MXF, 9.000€, 1733MXF 10.000€, 1733MoMF 4.000€.


En la subasta celebrada por RENAISSANCE y CAYÓN de la colección de VON SCHUCKMANN celebrada en el hotel Ritz de Madrid el 13 de diciembre de 2001, la pieza de 1732 en AU+ tuvo un precio de adjudicación de 30.000€ incluidos gastos y la de 1733MXF, el de 5.000€ en UNC, con ciertas oxidaciones en sus bordes. En la subasta de ARS CLASICA celebrada en Zúrich el 18 de marzo de 2002 los precios de salida de las siguientes piezas, fueron: 1732, 20.000€ en UNC con cierta oxidación, 1733F, 6.000€ en UNC con ciertas oxidaciones, 1733MXF en VF, 8.000€, 1733MoMF, 7.000€ en XF. Los precios de salida de piezas subastadas por CAYÓN en Madrid el 4 de febrero de 2012, son los siguientes: 1732 (la misma pieza de la colección VON SCHUCKMANN), 33.000€ en AU+, 1733F, 2.5000€ en VF, 1733MXF, 10.000€ en XF con cierta oxidación y 1733MoMF, 3.000€ en VF.

FIGURA 138.1


La pieza que aparece en la FIGURA 138.1 es una medalla acuñada en 1958 en alpaca con ocasión de la primera exposición iberoamericana de numismática y medallistica celebrada en Barcelona,. La medalla reproduce en unas de sus caras el diseño del anverso de un columnario, en el que aparece la fecha de 1758 y como Ceca la de Barcelona: BA. En el reverso se reproduce el de una moneda de 640 Reis de Brasil acuñada en la Ceca de Bahía (B). La pieza tiene la inscripción de ANTONIVS RIBOT ME FECIT. La medalla ha sido rozada en su canto para comprobar si había sido acuñada en plata. La pieza, pese a no ser de plata, tiene un diseño muy atractivo y es unas de las primeras que conmemora una exposición numismática en España, por lo que estimamos su precio en 30€, en UNC.

FIGURA 138.2


La pieza mostrada en la FIGURA 138.2 es un 8 Reales acuñado en Méjico en 1733 a nombre de Felipe V con Manuel de León y Francisco de la Peña como Ensayadores. Como ya hemos indicado anteriormente, el valor de esta moneda en VF lo estimamos en 2.400€, ya que estimamos que la pieza tiene la condición de Rarísima, por lo que su precio es de ocho veces el de los columnarios comunes.


La pieza tiene forma ligeramente cóncava si la examinamos desde su anverso  con las columnas de Hércules, debido a exceso de presión de acuñación en el centro del reverso, lo que ha producido poca impresión en ese punto y un exceso de desgaste por uso en la parte superior de los dos mundos. La pieza tiene la inscripción PLVS VLTRA casi completa, faltando únicamente la parte derecha de la R. También está completa la parte final de la banda en la que se inscribe la leyenda. En el reverso únicamente se aprecia gastaje en el florón central de la corona. Por tanto su valor seria de 4.400€ y su precio de mercado algo mas alto por su ligera pátina no removida, 3.000€ en VF.


Aprovechamos el análisis de esta pieza para indicar nuestra estimación de rareza para las restantes piezas de 1732 y 1733: 1732, de la mas alta rareza (RRRRR), 32 veces el precio de las piezas comunes, 1733F, 1733MXF y 1733MXF, extraordinariamente raras (RRRR) con un valor de 16 veces el de las piezas comunes.

FIGURA 138.3


La pieza de la FIGURA 138.3 es un 8 Reales de Felipe V acuñado en Méjico en 1741 con los mismos Ensayadores anteriores. Esta fecha  es valorada por HARRIS  1968 en su obra PILLARS  AND PORTRAITS en 40€ en F y 75$ en VF. VICENT la asigna un precio de 4.000P en 1968 y 10.000P en 1978 en F. CALICÓ fija un precio reducido para esta pieza en 1982 y 1994: 15.000P y 18.000P en VF, mientras que en 2008 eleva substancialmente este valor hasta 300€ en VF. CAYÓN 1976 la valora en 2.600P en VG, 4.500P en F y 7.500P en VF, mientras que en 1980 y 1998 fija un precio de 20.000P en VF y 30.000P en VF, no muy diferentes de los indicados por CALICÓ. Por su parte ALDEÓN 1984 la valora en 18.000P en VF y PEIRO 2007: 180€ en VF y 400€ en XF, lo que estimamos es algo bajo.


La presente pieza no está limpiada, el 75% del mapamundi es visible, los leones del escudo del reverso están completos, tiene algo de gastaje en la parte alta del segundo mundo, presenta desgaste en la parte alta de las columnas, en la parte central de la corona y en la R de la leyenda PLVS VLTRA. Por todo ello, su conservación en VF, con un valor y precio de mercado de 300€ (200€ en F y 450€ en XF).

FIGURA 138.4


La pieza de la FIGURA 138.4 es un 8 Reales acuñado en Méjico por Felipe V en 1743 con los mismos Ensayadores anteriores (MF). Esta pieza se encuentra en conservación XF ya que el gastaje no afecta prácticamente a ninguna línea de los detalles de su diseño. Así, la parte alta de las columnas tiene sus anillos prácticamente completos. Los contornos de los continentes de los dos mundos están completos al 90%. La roca sobre los mares tiene solo un ligero desgaste en su parte mas alta y la corona solo presenta un ligero gastaje en el florón extremo a la derecha, mientras que la leyenda PLVS VSTRA está completa en todas sus letras. En este grado, su valor sería de 450€, que disminuiremos hasta un precio de mercado de 400€ por presentar algunos achatamientos en su grafila, como defecto acuñación.


Los precios señalados para esta pieza en KRAUSE 2002 son: 65$ en VF, 100$ en F, 200$ en VF y 400$ en XF. Nosotros estimamos que estos precios son bajos especialmente para las conservaciones menores, creyendo que los saltos de grado deben valorarse a un precio 1,5 veces superior, en lugar de 2 veces superior tal como lo hace KRAUSE.

FIGURA 138.5


Por último, la pieza de FIGURA 138.5 es idéntica a la anterior, así como su grado: XF. Por tanto el valor de la pieza sería de 450€ en XF, que disminuiremos a 400€ como precio de mercado por disminuir aproximadamente un 10% por el fallo que acuñación que presenta en su canto en la parte superior derecha de su anverso. Las valoraciones de las diferentes fechas de los columnarios de Felipe V de Méjico posteriores a 1733 son similares, excepto los de 1734 y 1747  que suelen tratarse a un precio algo superior.





The advance of the mill coinages in the New World was, as it could not be otherwise, the one of the Mint of Mexico. New Spain, the official name of the Mexican territory, was always the Spanish colonial area not only more thrives, but also the more linked with the metropolis. This is why it has nothing surprising that the first mint which issued cord currency by the implementation of the Ordinance of 1728 of Philip V, without the one of Mexico. However, as well as the application of the provision in Spain had an immediate effect on the mints of Madrid and Seville, since in 1729 starting the work of the new coins with the traditional design of imperial shield and lions and castles on both sides, the application of the Ordinance in America was not easy to carry out affair.


On the other hand, the long duration of the crossing of the Atlantic, from Seville to Vera Cruz, made difficult the sent of the necessary material to proceed to the new coinages. It was not only about stamps and dies, but also the transport of the heavy steering wheel presses, necessary for the coinage, under the terms of the Ordinance of 1728. On the other hand, as we know, the production figures of the large diameter coins in Mexico always had been (in the order of 5 times) very superior to the corresponding to any peninsular mint. This created the need have available a much more productive machine, which is why the use was required simultaneous very high numbers of presses. As a result, it was obvious the need to continue the production of cob currency in the traditional location of the mint, to be able to maintain the ability to issue, in the order of over 5 million coins of 8 real, in those moments.


It was therefore necessary to undertake the construction of a new mint to be located in the same street as the previous, called of the Currency, a decision which was taken in 1731. The Cayón brothers have published an interesting article about the ups and downs that has undergone the mint in its early stages, until the conclusion of its building in 1734. This article, result of work of research about the subject, and the extraordinary numismatic documentation accumulated for many years by the Cayón family, is published in the catalogue of the auction of an important collection of Spanish 5 peseta coins, organized by Cayón in the Hotel Ritz in Madrid on February the 4th, 2012, which included 4 valuable coins issued in this period (1732-1733).


Columnarias coins of Mexico from 1732 and 1733 always have exerted a major attraction for collectors of the New and the Old World. On the one hand, they are the first cord coins produced in America, and are therefore a very direct antecedent of the issue of silver dollars from the United States and 8 real and pesos produced with the same metric by Latin American countries after the Emancipation. And on the other hand, the copies produced in these years, necessarily had to be minted in a very small number (although unfortunately at the moment are not available disaggregated figures for manufacturing, for statistics referring to total coined silver, including cob currency) judging by the limited number of preserved copies.


Moreover, it seems obvious that these coins in 1732 and 1733 had a character almost evident, that its purpose was not to produce circulating (which was still underway with the issuing of cob coins in these two years), but to check the functioning of the machinery imported from Spain and to check the final form in which it should be installed in the new mint. This characteristic of quasi evidence is accredited by the extraordinary wealth of details which are in the columnaria coins of these two years, that will not be overtaken by later coinages, are: Mexico, Lima and Potosí. Also we don’t know in which circumstances, most of the coins in these two years that have come down to us, comes from the rescue of the wreck of the ship Holland, so most of the surviving copies have large oxidations from their contact with sea water, which makes it even more desirable copies lacking at all in these oxidations.


Pradeau has published in his Numismatics History of Mexico the figures of total mintage of silver coin produced by the mint, from 1733 to 1821, expressed in pesos. These figures range from 7 to 11 million pesos with Philip V, 11 to 13 with Ferdinand VI, from 10 to 23 with Charles III, 15 to 25 with Charles IV and 4 to 24 with Ferdinand VII. Reviewing the annual figures, we see that the beginning of the coinages of bust currency in 1772 during the reign of Charles III, does not represent an increase in the amounts of currency produced from that year, although it is note an increasing trend in the quantities minted from 7 million in 1735 (year of minimum production with Philip V) up to almost 25 million in 1809 (year of maximum production with Ferdinand VII). However, it is clear that the current rarity of the 8 real of columnar type is far superior to the bust coin, even when compared with the rarer of these, as those of Charles III.


As regarding the prices, if we leave separated the issue of the 8 real coins of 1732 and 1733 to discuss later, as we proceeded with the Peninsular coins of 8 real of: Charles III, Charles IV and Ferdinand VII, the more reliable source that we have been able to use, it is price of procurement auctions held in recent years (from 2000 to 2011) already to be coins that appear frequently enough, especially in Spain and in the United States, it is possible to carry out the analysis of correlation and calculation of averages and deviations, quite accurately. It is based on these data and the knowledge of the figures of global amounts of silver minted every year, now available for the mints of: Mexico, Lima and Potosí, for what we have been able to also formulate hypotheses about the annual circulation of these coins for each different type of 8 real coins, kings and mints.


In the posts dedicated to the Latin American 8 real of cord we will go realizing the results of this statistical analysis. However, we now anticipate some conclusions as regarding the prices of the columnar 8 real of Mexico, since we are going to proceed with the assessment of several of these coins in this post. In general, we can say that we consider that the rarity of the columnar common coins of 8 real of: Philip V, Ferdinand VI and Charles III, it is very similar, both for the number of copies that appears at auction, as for the price of award that reach them, for a particular conservation. Certainly, the coins of Philip V had greater use than subsequent kings, by its greater antiquity. However, as dealing with, in general, coins minted at a higher pressure and therefore with greater relief, the reality is that the average conservation of auctioned coins is very similar to any of these kings.


As for the prices achieved by the 8 columnar real of Mexico, in its different conservations, our conclusion is that the jump of a degree is roughly equal to multiplying by one and half the price of the coin, equal to other factors. So the prices of the common 8 columnar real coins of: Philip V, Ferdinand VII and Charles III, would be: €100 in VG, €200 in F, €300 in VF, €450 in XF and €600 in AU. As regarding the prices of the coins minted in Mexico in 1732 and 1733, it is no longer possible the statistical analysis, since the number of copies auctioned in recent years is very low. Therefore we prefer to indicate our estimation of value for each of the five types of coins minted in recent years and further facilitate the assessments of some catalogues of Spanish coin of very recent edition, and of the last significant auction for this type of coins.

Our estimation of current prices for these types of coins are the following: 1732, €33,000 in AU+, 1733MoF, €15,000 in AU+, 1733MXF, €15,000 in AU+, 1733MXMF, €15,000 in AU+ and 1733MoMF, €5,000 in AU+. In Calicó 2008 the prices of these coins are the following: 1732, €10,000, 1733MoF, €8,000 in VF, 1733MXF, €10,000 in VF, 1733MXF, €15,000 in VF, 1733MoF, €4,200 in VF. And in Peiro 2007 the prices in VF are the following: 1732, €9,000, 1733F, €7,000, 1733MXF, €9.000, 1733MXF €10,000, 1733MoMF €4,000.

In the auction held by Renaissance and Cayón in the collection of Von Schuckmann held at the Hotel Ritz in Madrid on December the 13th, 2001, the coin of 1732 in AU+ had a price for sale of €30,000 including the taxes and the one of 1733MXF, of €5,000 in UNC, with certain oxidations at its edges. In the auction of Ars Clasica held in Zurich on March the 18th, 2002 the output prices of the following coins, were: 1732, €20,000 in UNC with some oxidation, 1733F, €6,000 in UNC with certain oxidations, 1733MXF in VF, €8,000, 1733MoMF, €7,000 in XF. The output prices of the coins auctioned by Cayón in Madrid on February the 4th, 2012, are as follows: 1732 (the same coin of the Von Schuckmann collection), €33,000 in AU, 1733F, €2,500 in VF, 1733MXF, €10,000 in XF with some oxidation and 1733MoMF, €3,000 in VF.

The coin that appears in the figure 138.1 is a medal coined in 1958 in alpaca in the occasion of the first Ibero-American numismatics and medalist exhibition held in Barcelona. The medal reproduced in some of its faces the design of the front of a columnar, in which appears the date of 1758 and as mint the one of Barcelona: BA. On the back is reproduced the one of a 640 Brazil reis coin minted in the Mint of Bahia (B). The coin has the inscription of ANTONIVS RIBOT ME FECIT. The medal has been reddened in its edge to check if it had been minted in silver. The coin, although is not in silver, it has a very attractive design and is one of the first that commemorates a numismatic exhibition in Spain, which is why we think its price in €30 in UNC.

The coin shown in the figure 138.2 is an 8 real coined in Mexico in 1733 in the name of Philip V with Manuel de León and Francisco de la Peña as Assayers. As we have already indicated above, the value of this coin in VF so we believe is €2,400, that we believe that the coin has the status of Very Rare, so its price is eight times the common columnar coins.

The coin is slightly concave shaped if we look at it from its front with the columns of Hercules, due to excess pressure of coinage in the center of the back, which has been produced little impression at that point and an excess of wear for use at the top of the two worlds. The coin has the almost complete PLVS VLTRA inscription, missing only the right side of the R. The final part of the band in which fits in the legend is also complete. On the back there is only wear in the central rosette of the crown. Therefore its value would be €4,400 and its market price something higher by its light not removed patina, €3,000 in VF.

We take the analysis of this coin to indicate our estimation of rarity for the remaining pieces of 1732 and 1733: 1732, of the higher rarity (RRRRR), 32 times the price of the common coins, 1733F, 1733MXF and 1733MXF, extremely rare (RRRR) with a value of 16 times the common coins.

The coin of the figure 138.3 is an 8 real of Philip V coined in Mexico in 1741 with the same previous assayers. This date is valued by Harris 1968 in his work Pillars and Portraits for €40 in F and $75 in VF. Vicent assigns it a price of P4,000 in 1968 and P10,000 in 1978 in F. Calicó sets a reduced price for this coin in 1982 and 1994: P15,000 and P18,000 in VF, while in 2008 he substantially increases this value to €300 in VF. Cayón 1976 valued it to P2,600 in VG, P4,500 in F and P7,500 in VF, while in 1980 and 1998 he fixed a price of P20,000 in VF and P30,000 in VF, not very different from those displayed by Calicó. Meanwhile Aldeón 1984 valued it for P18,000 in VF and Peiro 2007: €180 in VF and 400€ in XF that, we think, is low.

This coin is not cleaned, 75% of the world map is visible, the lions of the shield of the back are complete, it has something of wear in the upper part of the second world, presents wear in the top of the columns, in the central part of the crown and the R of the legend PLVS VLTRA. Therefore, its conservation is VF, with a value and a market price of €300 (€200 in F and €450 in XF).

The coin of the figure 138.4 is an 8 real coined in Mexico by Philip V in 1743 with the same previous assayers (MF). This coin is in XF conservation since the wear does virtually not affect any line of its design details. Thus, the upper part of columns has its practically complete rings. The contours of the continents of both worlds are 90% complete. The rock on the seas has only slight wear in higher turn and the crown only presents a slight wear in the extreme right rosette, while the PLVS VSTRA legend is complete in all its letter. In this degree, its value would be €450, which we will decrease to a market price of €400 to present some flattener in its grafila as a coinage default.

The prices indicated for this coin in Krause 2002 are: $65 in VF, $100 in F, $200 in VF and $400 in XF. We believe that these prices are particularly low for the lower conservations, believing that the degree jumps should be measured to a 1.5 times higher price, rather than 2 times higher as does Krause.

Finally, the coin of the figure 138.5 is identical to the previous one, as well as its degree: XF. Therefore the value of the coin would be €450 in XF, which we will decrease to €400 as market price by reducing approximately 10% by the failure that coinage in its edge in the right upper part of the front. The values of the different subsequent dates to the columnarios of Philip V of Mexico after 1733 are similar, apart from those of 1734 and 1747 which are treated with a slightly higher price.