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Longstrider's Blog

17 May 2018

1932 "M" UN PESO CAP AND RAYS SILVER

Coins-World | Longstrider

   I’m going to take a break from my Civil War collection and show you a coin from one of my other interests, old Mexican Silver coins. This blog also kind of ties in with Mike’s blog of May 15th. On improperly cleaned coins. Below I have an example of a 1932 silver Un Peso. It has a “M’ mintmark meaning it was made at the Mexico City mint. This coin falls into what is called the Cap and Rays variety. This variety is one of my favorites. As you can see the  coin was graded by PCGS as Genuine with Surface Damage. The damage is on the obverse with a gouge above the snakes head and through the word Unidos. This caused the coin to sell below melt. Personally, I don’t see much difference between this and a Morgan with heavy coin contact marks on it. Just me. The coin has plenty of original mint luster on it. Someone took good care of it except for that gouge. It’s a personal choice of whether you can live with a “damaged” coin or not. Now to the coin design. The obverse has the Mexican national coat of arms above a spray of oak and laurel with the legend ESTADOS UNIDOS MEXICANOS near the top. Translated United States of Mexico. Divided by the eagles head is the silver purity, 0.7 and 20. The reverse is an open oak and laurel wreath below with the date 1932 above, then UN PESO then the mintmark “M”. Above all that is the Cap with LIBERTAD written on it and all the rays. Across the edge is the lettering INDEPENDENCIA Y LIBERTAD meaning Independence and Liberty. The coin is a nice 34 mm and weighs 16.6 grams. This one peso coin is known as a type 3. There are two varieties in this date. The open or closed 9. This one being a open 9. It has a KM number of 455. I hope you enjoy this piece of Mexican history. Please feel free to comment. Thanks for your time! 

P.S... PCGS did a nice job of centering the coin didn't they. It's not like we pay them.. Oh well!!

 

SOURCED:

www.en.numista.com

Whitman Encyclopedia of Mexican Money Vol. 1 by Don and Louis Bailey-2014

Comments

Mike

Level 7

I'm sorry but I looked at that coin again. We can grade from a picture. If and I mean that if it was me. I would break it out and send it to NGC. I think an injustice was done. The problem is it's happening to many times and we have nothing to say. They send it back and say take it or leave it. It's not fair. On the NGC form is a space for your instructions they do read it. I'm sorry but coins I collect go to NGC some have edge writing NGC starts it on the label the book or if you hold it right you can read it with a loop. Not PCGS. Please this is my opinion no one else's. We use what ever grader we like. Thanks again. Mike.

Kepi

Level 6

I think it's a beautiful coin and it looks just like another coin perhaps hit this one causing the little dings... It's really wrong that these Grading companies can't center a coin in it's holder. Thanks for all your research! You always have great blogs and photo's!

World_Coin_Nut

Level 5

I have a number of similar pieces. One is a 1700's Russian copper coin that was graded as scratched. My though is that if it is contemporary "damage" should it really be called damage. I mean we don't know how it happened and there is no way of knowing if it was intentional. I would rather they just give it a numeric grade followed by "scratch on obverse".

CoinLady

Level 6

I wonder how they evaluate "damage." Like Mike said, maybe it was done at the Mint. I like the coin.

"SUN"

Level 6

Enjoyed the blog. I guess PCGS do not respect damaged coins.

Mike

Level 7

So because it was damaged it can't be graded. Do they know where it was damaged. Maybe it happened at the mint. I agree with what you said about Morgan's the new grade is 63 and 64 no matter how they look. I don't get it. We all own coins with marks on them and they get a great grade like A/U. Not a Morgan though. I have nothing against the coin but the grading. I don't see what this coin couldn't be graded the damage is not that bad. And they also did a great job putting it in a the slab. Thanks Alot. I like the coin.Mike.

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