Lot 1085
Mexico. 8 Reales, 1732-Mo-F. Eliz-1; KM-103. 26.59 grams. Pillar coinage. Philip V, 1700-1746. Choice surfaces for grade, with a trace of luster, and lovely medium gray toning. Extremely Rare first year of issue. NGC graded AU-58.
The Pillar Coinage reflects a design change to indicate the start of solely mechanized coin production in Spain's New World mints. Mexico City's operations were earliest among the associated mints, beginning its milled coinage in 1732. The minting was such that the date is scarce to rare in all denominations, more so in the higher value reales.
Estimated Value $25,000 - 30,000.
Illustrated in Money of the World, coin 151.
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| Realized $46,000 |
