Mexico. "Royal" 8 Escudos, 1714-Mo-J

Mexico. "Royal" 8 Escudos, 1714-Mo-J. Fr --; cf. KM World Coins, 1700-1800, p. 753; Grove 888. 26.94 grams Philip V, 1700-1746. Crowned arms, value of VIII in field. Reverse: Cross within quadrilobe, angled scepters. Trivial planchet flaw below date, otherwise remarkable centering and strike. Excessively rare. One of the finest known examples. NGC graded MS-65. . This coin the plate coin in Krause, Mishler, et al., Standard Catalogue of World Gold Coins, Fourth Edition, Iola, Wisconsin 20000; "Mexico," p. 756. Combined in this coin is the "classic" Spanish, and Spanish colonial gold coin. The usual idea of Mexico's "treasure" coins are the crudely struck, thin-flan early coins, or the slightly later, and truly wretched "cob" coinage of the 17th and 18th centuries. Here one sees what a coin from a mineral-rich realm, belonging to a still-significant world power, should look like. Impersonal, and "anonymous," in that there are no portraits displayed, the insignia-laden shield bespeaks of ancient tradition and royal bearing, the large cross implies divine right, and above all, the coin's size and material speak most emphatically of power. Spain had started making milled coins in 1586, beginning with the Segovia mint, and then off and on with varying quality. By the end of the 17th century, a major portion was being mechanically struck. ... read more