 |
|
|
|
|
||
|
Philip V (1700-1746)
|
Pillar 8 Reales (1732- 1771)
In the late 1720’s Philip V decided to modernize the coinage of his New World colonies. New types were ordered for both gold and silver, and machine production was mandated to replace the hand-struck cob coinage. Mexico premiered the new coinage in 1732, striking portrait gold and silver in the very attractive pillar or columnarios design. On the reverse of reales with the columnarios design, crowned twin globes sit between ornate pillars or columns. The globes are meant to represent the Old and New World conjoined, and the legend reinforces the visual imagery. “Utraque Unum” it says. Both are one. Bourbon Spain and her New World colonies are one nation under the Spanish Monarchy.
MM MEXICO. Eight Reales. 1764 MF. Choice Uncirculated NGC MS-62. Gilboy M-8-44, Calico ONZA 789. Master assayer Manuel de Leon (M), who had been in office since 1733, retired at the end of 1763 and was replaced by Francisco Antonio de Pena y Flores (F). Thereafter, the pillar coinage of Charles III bore the assayer combination MF until 1770, the penultimate year of the coinage. This issue, Gilboy M-8-44 is the premier issue of assayer Flores. While not scarce in circulated grades, true mint state coins are very hard to find. This 8 reales is very lightly toned with pleasing luster and has no significant contact marks. NGC grades it MS-62. It would make a perfect type coin for the MF pillar coinage of Charles III.
Available for $2750 terravitan@aol.com or 480-595-1293
MEXICO. Eight Reales. 1761 MM. Choice Brilliant Uncirculated & Prooflike. Gilboy M-8-39, Calico ONZA 782.
In 1761 the new engraver Juan Pena made significant changes in the reverse type of Mexico's pillar coinage. Crowns, waves, and especially the globes were remodeled. On the globes the continents were reshaped and the oceans treated with a dappled crosshatching, producing a striking 3-D effect. The legend was also changed, with the cross now intruding between the H and I of Hispan. This issue, Gilboy M-8-39, was the first to feature all of Pena's redesigns. Though not scarce in circulated grades, true mint state 1761 MM are very difficult to find. Most "uncs" seen at auction are darkly toned coins with high point wear. This choice mint state coin has full luster over its devises and prooflike fields, a sharp strike, and no significant contact marks. Undoubtedly it is one of the finest known 1761 MM's and a superb example of the early style of Charles III pillar eights. It pedigrees to Ponterio Sale #143, lot 1152, where it realized $4140. In Available for $4350 terravitan@aol.com or 480-595-1293
Mexico. Eight Reales. 1770 Mo MF. Choice Brilliant Uncirculated NGC MS 62 Gilboy M-5-80, Calbeto ONZA 797.
While Carlos III 1770 Mo pillar dollars are not rare in circulated grades, a choice brilliant uncirculated specimen is another matter. “Choice uncirculated” coins appear from time to time at auction, but most are darkly toned and conceal obvious high-point wear beneath the toning. This is true brilliant unc and rare as such. Lustrous pillar and shield devices sitting on prooflike fields give a wonderful cameo effect. Graded MS 62 by NGC but removed from the holder. Ex Goldberg’s Sale 41, lot 3642 ( realized $3335). Please see the archived large image on Goldberg’s site.
Available for $3750. terravitan@aol.com or 480-595-1293
Available for
*
©2007 Goldcobs.com All Rights Reserved. |
