MEXICO. "Royal" Presentation Cob 8 Reales, 1725/3-Mo D. Mexico City Mint, Assayer D. Luis I. NGC AU-55. KM-R49 (plate coin); Lazaro-89 (same dies); Cal-40. Weight: 27.28 gms. Two-year type. The only straight graded example of the date on either the NGC or PCGS population reports.
This <strong>INCREDIBLY</strong> <strong>RARE</strong> and short-lived issue boasts a strong even strike with a minor shift somewhat muddling parts of the legends. Beautifully preserved, this lovely example displays attractive mottled gray patina with areas of richer coloration amongst the devices.
The tops of the devices and exposed areas exhibit minor signs of being handled, but was obviously given great care with all parts of the design bold and visible. Close inspection of the monarchs name reveals that the obverse die was repurposed and touched up from a 1723 Philip V issue. Though faint, evidence that this monarchs name and ordinal were punched over the previous ruler becomes apparent; "LVDOVICVS/PHILIPPVS" and "I/V". We are aware that some later presentation issues of Philip V, after he became ruler again, are the opposite where it is Philip over Luis.
This intriguing issue offers much originality and is very attractive with good eye appeal, this Royal represents what is likely the best of the best for this date and is destined for a fine numismatic cabinet. From the Pat Johnson Collection.
Ex: Federico Claveria Collection
Ex: Virgil Brand Collection.<p>