1818 Texas (New Spain) 1/2 Real Jola, Small Planchet XF45 PCGS

This lot has been removed from the website, please contact customer services for more information

Lot 1029
1818 Texas (New Spain) 1/2 Real Jola, Small Planchet XF45 PCGS
W-8542, Breen-1082. Thanks to an article titled: "Lone Stars Rising, A Missing Numismatic Link," by Bevill and Alvin Stern in the May 2011 issue of The Numismatist, much new light has been shed on the once all but unknown 1817 and 1818 New Spain "Jolas." Prior to Texas' independence and the Mexican-American War (1846-1848), the entire southwestern portion of what is now the United States was part of the Viceroyalty of New Spain. Many new settlers had occupied this territory, and by 1817, a need was felt for an issue of circulating coinage. Accordingly, Governor Manuel Prado authorized the city council of San Antonio to strike copper tokens valued at one-half real. These pieces were produced by Don Jose Antonio de la Garza, whose initials JAG appear on the obverse of the tokens. Other devices on that side include the date, the denomination, and the reverse being blank except for a simple five-pointed star that some researchers suggest may be the first use of the now-familiar Lone Star of Texas. Records indicate that De La Garza minted approximately 8,000 Jolas, most examples of which were distributed into circulation through local workers and their families. Fewer than 100 examples of both the small and large planchet varieties have survived, many of which were unearthed in 1958 by James J. Zotz, Jr. during excavation for a flood-control project.

The 1818-dated New Spain Jolas feature the initials JAG above, the date below, and the denomination expressed as 1/2, appearing horizontally due to space considerations. The 1818 pieces are known on small (17 mm.) and larger (19 mm.) planchets. This example features the numerator near the G with a larger star and the numerator partly left of the G in JAG. The planchet diameter is 17mm, at the high end of Breen's designation for the small planchet variety (15 to 17mm). The surfaces are slightly porous with a glossy texture. A mostly golden-brown example with deeper charcoal patina in recessed portions of the fields. A small edge flaw, probably mint-made, is noted at 7:30. The reverse field has a few wispy marks, visible only with magnification. These are mentioned as future identifiers as they have little visual impact on this rare coin. Currently, PCGS has certified a total of only five 1818 New Spain Jolas, the finest being an AU53. Listed on page 78 of the 2014 Guide Book. (PCGS 661)

Sold for US$ 46,800 inc. premium

Coins and Medals

31 Aug 2014, 10:00 PDT

Los Angeles

1818 Texas (New Spain) 1/2 Real Jola, Small Planchet XF45 PCGS
W-8542, Breen-1082. Thanks to an article titled: "Lone Stars Rising, A Missing Numismatic Link," by Bevill and Alvin Stern in the May 2011 issue of The Numismatist, much new light has been shed on the once all but unknown 1817 and 1818 New Spain "Jolas." Prior to Texas' independence and the Mexican-American War (1846-1848), the entire southwestern portion of what is now the United States was part of the Viceroyalty of New Spain. Many new settlers had occupied this territory, and by 1817, a need was felt for an issue of circulating coinage. Accordingly, Governor Manuel Prado authorized the city council of San Antonio to strike copper tokens valued at one-half real. These pieces were produced by Don Jose Antonio de la Garza, whose initials JAG appear on the obverse of the tokens. Other devices on that side include the date, the denomination, and the reverse being blank except for a simple five-pointed star that some researchers suggest may be the first use of the now-familiar Lone Star of Texas. Records indicate that De La Garza minted approximately 8,000 Jolas, most examples of which were distributed into circulation through local workers and their families. Fewer than 100 examples of both the small and large planchet varieties have survived, many of which were unearthed in 1958 by James J. Zotz, Jr. during excavation for a flood-control project.

The 1818-dated New Spain Jolas feature the initials JAG above, the date below, and the denomination expressed as 1/2, appearing horizontally due to space considerations. The 1818 pieces are known on small (17 mm.) and larger (19 mm.) planchets. This example features the numerator near the G with a larger star and the numerator partly left of the G in JAG. The planchet diameter is 17mm, at the high end of Breen's designation for the small planchet variety (15 to 17mm). The surfaces are slightly porous with a glossy texture. A mostly golden-brown example with deeper charcoal patina in recessed portions of the fields. A small edge flaw, probably mint-made, is noted at 7:30. The reverse field has a few wispy marks, visible only with magnification. These are mentioned as future identifiers as they have little visual impact on this rare coin. Currently, PCGS has certified a total of only five 1818 New Spain Jolas, the finest being an AU53. Listed on page 78 of the 2014 Guide Book. (PCGS 661)
Contacts
1818 Texas (New Spain) 1/2 Real Jola, Small Planchet XF45 PCGS
Auction information

This auction is now finished. If you are interested in consigning in future auctions, please contact the specialist department. If you have queries about lots purchased in this auction, please contact customer services.

Buyers' Obligations

ALL BIDDERS MUST AGREE THAT THEY HAVE READ AND UNDERSTOOD BONHAMS' CONDITIONS OF SALE AND AGREE TO BE BOUND BY THEM, AND AGREE TO PAY THE BUYER'S PREMIUM AND ANY OTHER CHARGES MENTIONED IN THE NOTICE TO BIDDERS. THIS AFFECTS THE BIDDERS LEGAL RIGHTS.

If you have any complaints or questions about the Conditions of Sale, please contact your nearest customer services team.

Buyers' Premium and Charges

Please Note:

The Buyer's Premium for this coin auction is 17% of the hammer price.

Payment Notices

Payment for purchases may be made in or by (a) cash, (b) cashier's check or money order, (c) personal check with approved credit drawn on a U.S. bank, (d) wire transfer or other immediate bank transfer, or (e) Visa, MasterCard, American Express or Discover credit, charge or debit card. Please note that the amount of cash notes and cash equivalents that can be accepted from a given purchaser may be limited.

Shipping Notices

For information and estimates on domestic and international shipping as well as export licenses please contact Bonhams Shipping Department.

App