It is estimated that, at present, one of these could be auctioned for up to 1 million dollars. Just to give you an idea, in 2008, two examples of the 8 reals of Charles and Joanna were auctioned for between 300 and 400 thousand dollars. It follows that they are very valuable and desired by collectors with high purchasing power. These coins are extremely rare and scarce. Even so, their workmanship is impeccable.Īs a curious fact, on these coins we can find the PLUS ULTRA motto, present on many Spanish coins throughout history, even on Franco’s pesetas. The coins of Charles and Joanna were stamped by hand, striking the coin blanks until the designs were stamped on them. The phrase was minted in Latin (CAROLUS ET IOHANA REGES), according to the customs of the time. The first issues of ancient Mexican coins are known as Carlos and Juana coins, because they show the names of the Spanish kings on the obverse. Thus, the first coins in all of the Americas are Mexican. Interestingly, from the very beginning, Mexican coins have always been marked with a Latin M to indicate their place of origin. One year after the royal authorization for the manufacture of American coins was issued. Historians seem to agree that the first minting of ancient Mexican coins occurred specifically in April 1536. The history of Mexican numismatics begins in 1535 when Viceroy Don Antonio de Mendoza created the first mint in Mexico, and in all of America, by mandate of King Carlos I and Queen Juana. You will be in a position to delve deeper into those stages, types of coins or specific pieces that are most interesting to you. It would be impossible to do so without making this text (already quite extensive) impossible to read.īy the end of reading, you will have a general idea of the most valuable ancient Mexican coins. We will stop at the best known and most valuable specimens of each stage, but without going in depth on any one in particular. In this guide we will review the entire history of Mexican numismatics. It is a country with a great numismatic tradition and thousands of beautiful variants of ancient coins perfect for collecting. If the coin sticks to the magnet, it's a copper-plated steel, and therefore a fake.Mexico is one of the most interesting countries for any novice coin collector. To ensure your 1943 copper penny is not actually steel, do the magnet test. The site also warns that many 1943 copper pennies are fakes because a 1948 copper penny can be filed down on the left side of the 8, making it look like a 3 instead.Īdditionally, some scam artists copper-plate steel coins. While authentic steel pennies will stick to magnets, fakes that are copper and zinc-coated will not. How do I know if my penny is real?Ī quick way to check the authenticity of a 1944 steel penny is to see if it sticks to a magnet, according to Coin Trackers. Therefore, because only a small number of pennies were made of copper in 1943 and steel in 1944, they are a rare and valued find for collectors. Similarly, any 1944 steel pennies would have been released by error into the coin supply. The pennies minted that year, during World War II, were supposed to be steel so that more copper could be used in the manufacturing of war materials. The reason 1943 copper pennies are so rare is that all of them would have been released by error into the coin supply. Escaped inmate from New Hampshire ID'd as armed man shot, killed by police in Miami Beach
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