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Lot
25314

Mexico: Republic Cap and Ray 8 Reales 1835-Ho PP,...

2013 September 25 - 27, 30 & October 1 World and Ancient Coins Signature Auction - Long Beach #3026

 
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Auction Ended On: Sep 27, 2013
Item Activity: 1 Internet/mail/phone bidders
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Location: Long Beach Convention Center, Room 103A
300 E. Ocean Blvd.
Long Beach, CA 90802

Description:
Unique 1835 Hermosillo 8 Reales
Republic Cap and Ray 8 Reales 1835-Ho PP, KM377.9, DP-Ho00A, VF30 NGC. From our 2008 September Long Beach Auction where it was described, "lightly cleaned VF, a couple of rim dings. Near full "Libertad". Also known as the "Ciudad del Sol" (The City of the Sun), the Villa of Pitic became the town of Hermosillo in September 5th, 1828, to honor the Mexican General Jose Maria Gonzalez de Hermosillo, who fought in the Mexican War of Independence in 1810. In late 1831, the mint at Hermosillo was authorized to initiate minting of copper coins only, the lease specifically prohibited the lease owner Leonardo Santoyo, from producing silver coins. Regardless, silver 8 Reales were produced at this mint in 1835, 1836 and 1839. In their outstanding numismatic reference book "Resplandores", authors Mike Dunigan and J.B. Parker state: "...there was a shortage of specie in the Western Provinces and (sic) the lease owner petitioned the Central Government for the right to coin silver and was turned down." Consequently the 8 Reales minted in Hermosillo bearing the dates of 1835, 1836 and 1839 are "illegal" issues, though they are correct in design, weight and metal fineness and the coins circulated normally in Mexico. Previously, as described by Dunigan and Parker, "this coin is reportedly only through bibliographic references, the 1835 Hermosillo 8 Reales is the only coin listed that was not personally confirmed by the authors." After over 170 years, the first specimen of the 1835 Hermosillo 8 Reales is presented to the numismatic community. This unique coin will surely demand aggressive bidding from collectors around the world and will, in the end, find a new home, where it will certainly become a central piece for the most advanced collection." This was the first example of the legendary first-year issue of the Hermosillo mint when this description was written in 2008, and no other example of this issue has surfaced as it remains the single known piece.
From The Nogales Collection

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