Lot 1091
Mexico. 8 Reales, 1749-Mo-M.F. Eliz-29; KM-104.1. Pillar coinage. Ferdinand VI. Pillar issue. Faint adjustment marks in center. Lustrous with frosty fields. Perhaps the finest known. NGC graded MS-66.
Despite wars and other vicissitudes of the 18th century, the commercial presence, and production, of American-made dollars remained unabated. Their international role now even extended into the orient. The mints were now mostly mechanized, producing rugged and large, well-made coins suitable for heavy use, or abuse. In addition, new industrial techniques allowed for an increase in production in the Mexican mines, and to a lesser extant those in Peru. The reigns of Ferdinand VI (1746-59) and Charles III (1759-88) saw monetary output reach new heights. Even so, much of it never went back to the mother country of Spain as it did in the old days. Dutch traders carted it off to the East Indies, and a great deal was drained out of Mexico directly to China, to pay for the rising standard of living that colonial populations were beginning to enjoy. Prosperity was on the increase worldwide, and dollar coins were a very visible instrument of it.
Estimated Value $2,500 - 3,000.
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| Realized $16,675 |
