PHILIP V (1700-1746). 8 Reales. (Ar. 26.97g/40mm). 1733. Mexico MF. (Cal-2019-1439). plain crown. Extremely Fine. Rare and beautiful specimen. Preserving part of the original shine and with a slight iridescent tone.
Ex Áureo & Calicó 317, Gaspar Portolá Collection 10/17/2018, Lot No. 5.
Founded in May 1535, when Antonio Mendoza was Viceroy of New Spain, the Mexican Mint became the first American Mint. For two centuries it operated as a concession to individuals until, in 1733, it was incorporated into the Real Treasury, beginning a period of splendor that made it the reference mint of the Spanish crown in overseas territories. The notable increase in coinage became evident practically from the beginning of its assimilation by the Real Treasury. In 1772, the old macuquina coin was withdrawn at the same time as the minting of the so-called "bust" types in both silver and gold began. Between 1772 and 1783, an annual average of 18 million pesos was minted, an amount that gradually increased over the decades, with the highest mintage occurring in 1804 and 1805, already under the reign of Carlos IV. 1810 marks a turning point, decreasing the average annual minting and between 1811 and 1815 the decline begins, which, although with a slight upturn in 1816, heralds the end of the splendor of this House. It is curious that, despite the massive amount of minted pieces, the production of coins was never enough to satisfy the internal needs of the Viceroyalty, since, especially the large module coin, had its destination in Europe and even Asia. The new ordinances of 1750, under the reign of Fernando VI, constituted a model of organization in the production of coins. They perfectly reflect the division of each and every one of the tasks, they established positions, obligations and salaries of each and every one of the workers of this House: from the maximum responsible, the Superintendent, to the bailiff, passing through the guards , accountants, assayers, balance judges, etc. With regard to the assayers, perhaps the most recognized figures and whose initials we find on the minting, and as appears in chapter XXV of these new ordinances, there were four, two owners and two supernumeraries following the treasurer in the hierarchy and they had to pass an examination of sufficiency before the major assayer of the Kingdom or the Viceroyalty of New Spain.
Ibercoin Online Auction 72
Exclusive auction made up of 196 lots of Reales de a 8 minted in the period between the reigns of Felipe III and Fernando VII.
Auction date: 27 Sep 2022
Tuesday, 27 September 2022. 16:00h CEST
Lots are available for examination from 26 to 27 September in our facilities on the 14, Francisco Gervás street.
If you have questions about this auction, please contact:
1. All sales will be paid in euros (€), VAT included in the purchase price and subject to Spanish taxation on second hand items. According to European legislation VAT tax can not be detailed as all sales are made final inside the Spanish territory.
2. The total sale price will include 18% of the award price. The numismatic pieces will be sent, insured for their total value, by certified mail or courier depending on the sales volume and weight. Delivery will depend on the shipping method, and the delivery policy of the courier / postal company. The corresponding shipping and insurance costs will be paid by the buyer, who will be informed prior to making the payment.
3. For the clients who could not be present personally at the room we offer the service of order of bid, phone bidding and on-line bidding on real time. The lots will be sold at the as low as possible price, the order of bid prevails over the room. In case of coincidence of the orders bid priority will be given to the previously received in our offices.
The increases will adjust as general norm of the following form: Between 0€ and 100€ an increase of 5€ is applied Between 101€ and 200€ an increase of 10€ is applied Between 201€ and 500€ an increase of 20€ is applied Between 501€ and 1000€ an increase of 50€ is applied Between 1001€ and 3000€ an increase of 100€ is applied Between 3001€ and 10.000€ an increase of 250€ is applied Between 10.001€ and 20.000€ an increase of 500€ is applied Between 20.001€ and 50.000€ an increase of 1.000€ is applied Between 50.001€ and 100.000€ an increase of 2.500€ is applied From 100.001€ a minimal increase of 5.000€ is applied.
Like explanation and in order that this condition turns out to be more explicit we include the following example. A lot with a starting price of 1000€ receives an order of bid of 2500€, does not mean that this one is going to be the price of adjudication but they will be compared with the orders received previously and with those of the room, let’s put as example that the highest out of 1600€, thus the price of adjudication will be of 1700 €.
4. The order of bid will have to be sent by post, fax, e-mail or telephonically, in the latter case we request him re-confirm it for some written way. Amounts will not be admitted under the starting price and will have to be done in Euros
5. Any form of payment different from the cash payment must be negotiated before, in this supposition Ibercoin will keep in his power the numismatic pieces up to his total liquidation.
6. Only for the case of sales in auction 2% additional will be loaded in case of payment by means of credit card VISA or MARTERCARD and 5% additional in case of paying by PayPal.
7. All foreign currency will be subject to the domestic rate of change provided by our bank rates.
8. Subastas Ibercoin reserves the right to cancel the sale and to keep the lots when the buyer has not satisfied the payment in thirty days later to the accomplishment of the auction, without this fact supposes the resignation to its rights and consequent claims.
9. Ibercoin keeps the right of admission to the room of auction, as well as of declining any order of bid that could alter the normal development of the auction. Ibercoin will have legal authority to annul, to reunify or to alter the order of sale of those lots that to his criterion turns out to be more opportune.
10. The descriptions of the present catalogue have been meticulously realized by our technical team which guaranteed his condition and genuineness, in any case, if some not mentioned fault was concerning someone of the pieces this one will be able to be returned in the space of ten days. Into the lots that avenge described by the expression “A EXAMINAR” returns will not be admitted, it is for it that bids ask to abstain from being expressed by them if it has not been checked previously and in addition one agrees in his state and in this condition.
11. It is the obligation of the buyer to observe the tax and customs provisions in force in Spain. In the case of export, it is the buyer's responsibility to observe the customs and exchange regulations in force in Spain, as well as the regulations in this regard issued in the Ley de Patrimonio Histórico Español, 16/85 of June 25 and Royal Decrees of Partial Development of the Law. The amounts of the Export Rate will be borne by the buyer. The organizers of the auction, declines all responsibility for the possible consequences of the non-observance of these provisions.
12. Any litigation will be submitted to the courts of Madrid, and the buyer resigns expressly any other jurisdiction that could correspond him. The text that commits both parts is the one published in spanish.
13. The present conditions will be considered to be accepted in the moment of the receipt of the order of bid or of the participation in the auction.