1818 1/2 RL New Spain (Texas) Jola or Half Real, Small Planchet AU50 PCGS....

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1818 New Spain Jola, AU50
Second Finest Small Planchet Piece

1818 1/2 RL New Spain (Texas) Jola or Half Real, Small Planchet AU50 PCGS. Just nine 1818 Texas jolas have been certified at PCGS, including six Small Planchet pieces and three Large Planchet examples (7/19). This example is the second finest of the Small Planchet coins that PCGS has certified, and the third finest overall. NGC has certified one Large Planchet coin and two of the Small Planchet variety. Considering the 1817 jolas, and the two varieties of 1818, there are probably about 80 to 100 examples known.

Manuel Pardo, the acting Spanish Governor of New Spain, received word from Mexico City in early 1817 that the production of 8,000 small copper coins was authorized in response to the need for small change at the Spanish missions of New Spain, known today as Texas. A local merchant, Manuel Barrera was chosen to coin the 8,000 copper pieces, worth one-half real each. A new Spanish Governor, Antonio Maria Martinez, chose a new coiner, Jose Antonio de la Garza (JAG) whose initials appear on the 1818 pieces. Garza received the previous issue and replaced them with his own coins in December 1818, apparently explaining the rarity of the 1817 coins today. The history of these pieces is recounted in The Paper Republic by James P. Bevill, published in 2009.

The obverse of these crudely designed pieces include the letters JAG, the 1818 date, and the fraction 1/2 indicating the denomination. The reverse has a single star that appeared on the 1817 and 1818 jolas, and is considered the first appearance of the Lone Star, the well-known representation of Texas. This Condition Census example has attractive, glossy steel-brown surfaces with full design details and excellent eye appeal. It is the third finest New Spain jola certified. An excellent opportunity for the Texiana collector. Listed on page 80 of the 2020 Guide Book.
Ex: Stack's Bowers (8/2011), lot 7179.
From The Poulos Family Collection.

Coin Index Numbers: (NGC ID# 2B6G, PCGS# 661, Greysheet# 317)

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