Lot 1124
Mexico - 8 Reales, 1824-Do-RL (Durango). Hubbard & O'Harrow Die pairings no. L9-N5. DP-Do01; KM 376. 4. Hooknecked-eagle. Slightly uneven strike, with typical modest weakness at centers, yet with full "Liberty" on cap. Fields lustrous and very clean. Toned light gray, with vivid gold, reds, greens and blues towards edges. Perhaps the finest known specimen for this mint. NGC graded AU-58.
Following the abdication of Iturbide, the new Republican coins were first issued in 1823, at the Mexico City mint. The next coins came from the two associate mints, Durango and Gaunajuato, which began striking in the following year. The above specimen is the first issue from the Durango mint, and a single year type only for that coin. Based on Mexico's colonial history, the largest silver coin used in Mexico would, of course, be an 8 Reales.
Estimated Value $3,000 - 4,000.
Illustrated in Money of the World, coin 164.
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| Realized $8,625 |
