1877 MO "cap & Rays" 8 Reales

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Lucky Cuss Pillar of the Community United States 4883 Posts	Posted 08/19/2016 6:54 pm A nice example with original luster and no hairlines, but obvious high point abrasions that drop it down into the AU range. 898,000 are documented to have been struck, which would not be a high number for Mexico City. That it;s considered a common issue suggests that the records are incomplete. Mexico City had been utilizing these "standardized" dies for 10 years already at this time, but it would take yet another decade before all the branch mints would be brought into compliance on this point. Colligo ergo sum Report this Post to the Staff

swamperbob Pillar of the Community United States 5362 Posts	Posted 08/20/2016 11:19 pm Lucky Cuss What is common in terms of 8Rs is at times (perhaps most times) not directly tied to how many coins were made in that year at the particular mint. These were trade coins by the year 1877. The majority of them were exported. Many were destroyed in the process. The numbers of survivors for a particular mint and year is what determines which are common and which are not. The second factor is demand. A common coin is one where there is an adequate supply to meet collector desire. I would suggest that if Mexican coins were to become popular as collectables that the values would rise astronomically. Report this Post to the Staff
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