1759 | Mexico | 8 Escudo | NGC AU-50

1759 | Mexico | Gold 8 Escudo | AU-50 by NGC

This extraordinary 1759 Mexican Gold 8 Escudo is a superb example of early colonial coinage from the Spanish Empire, certified by NGC in About Uncirculated-50. Struck during the reign of King Ferdinand VI, this gold coin symbolizes the immense wealth flowing from the Spanish colonies in the New World back to Europe. These coins were among the highest denominations in circulation, often used for significant transactions between colonial powers and aristocracy.

Obverse:

The obverse features a detailed portrait of King Ferdinand VI, whose reign from 1746 to 1759 saw the continued expansion of Spain’s global empire. His regal profile is finely struck, with his distinctive features remaining sharp even after centuries. Surrounding the portrait are inscriptions bearing the king’s name and titles, evoking the might of Spanish rule over its vast territories.

Reverse:

On the reverse, the intricate Spanish coat of arms takes center stage, symbolizing Spain’s imperial authority over the Americas. The coat of arms is beautifully detailed, and even in About Uncirculated condition, much of the design remains crisp and legible. The craftsmanship of this early Mexican minting highlights the skill of the artisans who produced these gold coins by hand, reflecting the importance of this denomination in the global economy of the 18th century.

Rarity and Condition:

This 1759 8 Escudo is a remarkable rarity. Between PCGS and NGC, only 22 examples of this issue have been certified, making it an elusive prize for collectors. Of those, this coin is one of just 3 graded AU50, with 17 examples graded finer. Notably, only a single coin has been graded as high as MS60 by PCGS, making it a sought-after item for those who specialize in early Mexican or colonial gold coinage.

The AU50 grade reflects minimal wear for a coin of its age, and this piece has been housed in an old NGC holder, adding to its historical allure. Its overall aesthetic appeal is exceptional, with well-preserved details that enhance its desirability among serious collectors.

Historical Significance:

This coin represents a key moment in the history of Colonial Mexico, when the Spanish Empire was at its height, and its colonies played a crucial role in global trade and wealth. The 8 Escudo coins, often referred to as “doubloons,” were highly prized in Europe and the Americas for their gold content and significance in trade.

Coins like this 1759 Gold 8 Escudo were struck from gold mined in the New World, primarily from Mexico and South America, and were used to finance Spain’s global ambitions. The coin is a physical remnant of the era’s colonial dominance and remains a testament to the wealth and craftsmanship of the time.

Collector Appeal:

With its stunning condition, extreme rarity, and historical importance, this 1759 Mexico Gold 8 Escudo is a must-have for any serious collector of early Spanish or Mexican coinage. Its AU50 grade, rarity—there are only 22 certified examples—and placement as one of only three in AU50 make it an exceptional investment opportunity. Its place in an old NGC holder adds charm to this already captivating piece of history.

Offered by Austin Rare Coins & Bullion, this magnificent coin will surely become a centerpiece in any collection of rare world gold.

The coin pictured is the exact one you will receive.