NGC Certifies Mexico 60 Pesos Struck on U.S. $10 Liberty
This incredible Mexico 1916 Oaxaca Gold 60 Pesos was struck on a U.S. $10 Liberty (1838-1907).
The 1916 Gold 60 Pesos were struck in Oaxaca, Mexico. Oaxaca is one of the southern states in Mexico. The coins bear the portrait of Benito Juarez. These coins were struck by a Provisional Government during the revolution. The original dies for the 1916 60 Pesos were impounded at the ANS almost a century ago.
Here is a comparison with a regular Gold 60 Pesos and $10 Liberty:
The specifications for the 1916 Oaxaca Gold 60 Pesos are:
The specifications for the U.S. $10 Liberty are:
The Smithsonian recently preserved a collection through NGC encapsulation that included a Mexico 1916 Oaxaca Gold 60 Pesos. They describe it "is one of a handful of survivors from an original mintage of 21 pieces."
Krause lists the 1916 60 Pesos as rare with a value of $20,000 in XF 40 and $35,000 in MS 60. A specimen sold in an ANR Auction (Eliasberg) for $74,750 which subsequently was certified by NGC as MS 64. Heritage Auctions recently sold a PCGS MS 64+ for $102,000.
This spectacular gold piece is in almost uncirculated condition with original and attractive toning. There is a considerable amount of detail remaining from the understrike. On the obverse the denticles and some detail are visible from the $10 Liberty design. On the reverse the shield and some detail are visible as well. The complete reeding from the $10 Liberty is intact. This fascinating and dramatic numismatic rarity would be the centerpiece of a major world gold coin collection or a collection of U.S. $10 gold coins.
Featured on the cover of Mint Error News Magazine Issue 42