Zacatecas mint, KM381.8 (“Rare”). The 4 Escudos of the “hand on book” design struck at the Zacatecas mint are a short-lived issue with only two confirmed dates (1860 Zs-VL and 1862 Zs-VL) and represent of the rarest Republican gold types of the extensive Mexican series: this elusiveness as a general type was indeed confirmed by its absence in the recent Caballero de las Yndias sale. While the 1862 date is available from time to time (note the sale of an impaired and lower grade XF40 example for $3,500 in aSeptember of 2017), the 1860 date was apparently unknown until the Sotheby’s Geneva sale of May 1990 where a low grade example surfaced (Long considers it the discovery piece for the date), and is usually considered uncollectible because of its incredible elusiveness. Only 3 known examples are known (one of which is permanently impounded in the Banco de Mexico collection), this clearly being the finest extant. Its current offering, more than 20 years after being auctioned at the Gerber sale represents indeed a rare opportunity for any advanced collector of the series.
Ex. Pablo Gerber collection (Spink America 12/1995, lot 992 for $12,500).