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Opinions On This Silver Mexican 1842 Pi 8R Coin?

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 Posted 05/09/2014  1:26 pm Show Profile   Bookmark this topic Add samboyellowsub to your friends list Get a Link to this Message Number of Subscribers

Opinions-On-This-Silver-Mexican-1842-Pi-8R-Coin?

Opinions-On-This-Silver-Mexican-1842-Pi-8R-Coin?

I Recently purchased this 8R coin and was concerned about whether it was genuine. To preface this, I don't know a whole lot about these early Mexican coins.

The coin weighs 26.76 grams.

Through a little bit of research, I found that the dies for these coins were not standardized across the different mints until the 1860's. That being said, the specific points of concern are on the obverse. The cap and it's lettering of Libertad and the arrangement of the rays behind the cap are known variations of those features on their own from what I can tell. However I can't find a known example of a combination of these features like this coin has.

The diameter is a little less than that of the later 1800's 8R coins (more like a US dollar) and it's not quite round.

Should I be concerned?
Edited by samboyellowsub
05/09/2014 8:55 pm
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 Posted 05/09/2014  10:13 pm  Show Profile   Bookmark this reply Add Numismat to your friends list Get a Link to this Reply
There is something really funky going on with the eagle's leg that is clutching the snake.
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jfransch's Avatar
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 Posted 05/10/2014  12:29 am  Show Profile   Bookmark this reply Add jfransch to your friends list Get a Link to this Reply
The shape of the date does not seem correct to me.I would be concerned about that coin even if it is the correct weight.
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 Posted 05/10/2014  05:12 am  Show Profile   Bookmark this reply Add realeswatcher to your friends list Get a Link to this Reply
The slightly out-of-round shape is very typical for Potosi mint pieces of this timeframe... I'm seeing similar misaligned dates looking at other 1842 Pi 8R... design elements look OK, defined flowlines seem correct. I say legit.

"Something really funky" with the eagle's leg... looks to be the typical flat center. Usually more obvious on the observe (on the cap) on Potosi pieces I've seen (where LIBERTAD can be nearly non-existent even on high-grade pieces), but it can certainly manifest itself on the eagle also.
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 Posted 05/10/2014  11:15 am  Show Profile   Bookmark this reply Add Lucky Cuss to your friends list Get a Link to this Reply
The shape of the "8" in the date is spot on. On the other hand, the "1" in both the date and the "10" is notably undersized, and the "4" looks as if it was made up from what was originally a "1". However, San Luis Potosi mint's output in this period was of uneven quality, with expedients in production galore. For example, they were supposedly at this time the only branch mint that was actually [i]casting['i] flans owing to a lack of proper machinery to roll the material and then punch them out.

The eagle's claw where it's grasping the snake is the highest point on that side of the coin, and typically is a focal point for showing flattening first, and the most as wear accumulates. That said, the whole body of the eagle looks excessively worn relative to the rest of the coin. But this could be the result of just a terrible strike to begin with. This coin is a hard call overall.

There's a documented contemporary counterfeit of the 1843 Pi that's correct in weight, but is debased nonetheless. So determining the specific gravity of your specimen would be enlightening.

Colligo ergo sum
Edited by Lucky Cuss
05/10/2014 11:16 am
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 Posted 05/10/2014  9:12 pm  Show Profile   Bookmark this reply Add samboyellowsub to your friends list Get a Link to this Reply
Well, thanks for chiming in folks. I'm glad you did. I had not thought of that - to test the SG. I will do that and compare and report back.
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 Posted 05/10/2014  9:43 pm  Show Profile   Bookmark this reply Add samboyellowsub to your friends list Get a Link to this Reply
I did a quick test with 3 other 8R. This might not be totally accurate to the true SG of .903 silver but I'm confident in the precision of the test for the sake of comparison to other good coins.
1842Pi 10.21
1863Z 10.21
1890Go 10.23
1896Mo 10.20

It's at least the right silver content. The only thing left to question is whether or not it was a forgery made with stolen dies which I heard happened. What makes me doubt that though is it's likeness to other coins. I mean, why use silver to forge coins?
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 Posted 05/12/2014  11:28 am  Show Profile   Bookmark this reply Add samboyellowsub to your friends list Get a Link to this Reply
Has anyone else gotten similar results with 1800's Mexican 8R coins?
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