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Mexican Patterns... No, I Haven't Got Any

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nalaberong's Avatar
Canada
2805 Posts
 Posted 12/15/2013  2:51 pm Show Profile   Bookmark this topic Add nalaberong to your friends list Get a Link to this Message Number of Subscribers
Lately I have been reading up on Mexican pattern coins. Because of monetary reform in 1992, many "patterns" were actually produced in large numbers, but were made obsolete before they could enter circulation. This ATLAN $1000 coin is very affordable, because of its awkward maybe-a-pattern status:
Mexican-Patterns...-No,-I-Haven't-Got-Any

Then we have the 1986 SUD peso... 33 are known to exist, but catalog price is $65! On ebay, they seem to go for a bit higher. To be honest, I didn't want to tell people about this because I really want one, but the Internet is all about sharing knowledge:
Mexican-Patterns...-No,-I-Haven't-Got-Any

General Jose Morelos appears on the "normal" pesos of 1986, and as a leader during the Mexican Revolution (against the Spanish), he issued these crude "SUD" pesos (for his Army of the "South", in the Spanish language):
Mexican-Patterns...-No,-I-Haven't-Got-Any

I hope none of you are motivated to buy one, but this is a really cool coin: not only is it a nifty replica of a popular Mexican revolutionary issue, but it was issued by the very person who appears on the "normal" peso type of 1986. Imagine the Franklin half having the design of the Fugio Cent on the tails side!

But we have another pattern to look at. Mexico kept experimenting with circulating silver coins, even as the peso became more and more inflated - because if you're the largest silver producer in the world, go for it! It ended with the $100 coin in 1979... or did it?!

Mexican-Patterns...-No,-I-Haven't-Got-Any

Yes... there is a pattern silver $100,000 coin out there. Considering there were about $3,300 pesos to the USD in 1990, this would have had a face value of around $30 at the time... and even today, this would convert to N$100, worth about $8 right now. It's doubtful that it would have circulated, and the new pesos that replaced it were also made in silver, but this would have contained about a troy ounce.

If you're still over Mexican revolutionary coin designs brought to life on modern issues, though, you're in luck... in 2011, Mexico produced a series of bimetallic $100 coins, featuring faithful replicas of Mexican coins, from the Spanish colonial pillar dollars to the 1914 "who's that guy on the horse" peso:
Mexican-Patterns...-No,-I-Haven't-Got-Any
Mexican-Patterns...-No,-I-Haven't-Got-Any
Mexican-Patterns...-No,-I-Haven't-Got-Any
Mexican-Patterns...-No,-I-Haven't-Got-Any
Mexican-Patterns...-No,-I-Haven't-Got-Any
Mexican-Patterns...-No,-I-Haven't-Got-Any

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sel_69l's Avatar
Australia
21788 Posts
 Posted 12/15/2013  5:43 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Some patterns are extremely rare, and were never intended to leave the mint.
Other patterns are relatively common, and were released in large numbers to increase public awareness to a proposed change in the coinage.
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swamperbob's Avatar
United States
5362 Posts
 Posted 12/16/2013  03:58 am  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
If I had to guess the 1986 Sud Peso picture is of a replica not a pattern - the raised rim seems wrong for a Mexico City struck coin of that period. Looks like a transfer impression or some other form of die replication may have been used.
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United States
1666 Posts
 Posted 12/16/2013  05:16 am  Show Profile   Bookmark this reply Add Numismat to your friends list Get a Link to this Reply
I don't think the mintage of 33 is correct. Not only based on the prices they go for, but based on the fact that there are many of them out there. A handful on ebay, a handful on Latin American sites, a handful recently sold. Unless all 33 are out there for sale right now it can't be correct.

And the rims on these coins appear somewhat crude from what I have seen in images of other pieces. Probably due to their test coin status.
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swamperbob's Avatar
United States
5362 Posts
 Posted 12/16/2013  2:09 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
Numismat It is of course possible that 33 was an error. But even if they made 33,000 that mintage is in the same range as the 1955 DDO cent. There are definitely many more than 33 in existence - that's a fact. In addition, why would a pattern be crudely struck at the rim? The rim resembles a typical die made from a plastic cast of a coin which shrank and a margin had to be added.

According to Occam's Razor the theory with the fewest assumptions is most likely correct. So I would suggest that a simple numismatic forgery to meet collector demand is the simplest answer to the problem of numbers.
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United States
1666 Posts
 Posted 12/16/2013  10:44 pm  Show Profile   Bookmark this reply Add Numismat to your friends list Get a Link to this Reply
Interesting idea swamperbob, and would also explain the relatively low prices if there were in fact only 33 original pieces made.
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swamperbob's Avatar
United States
5362 Posts
 Posted 12/17/2013  01:02 am  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
Yes and it would be another case in which business pressures to meet demand and make sales replace the need to distinguish between a genuine pattern and replica of one.
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