(Vendue pour $35250.0)
1823,
MEXICO. 8 Escudos, 1823-MoJM. PCGS MS-61 Secure Holder.
The First Gold Coin of Independent Mexico
Fr-63; KM-382.2. RARE. Type 2 with looped tail and cap to "T". Struck shortly after the abdication and exile of the Emperor Iturbide, this type represents the first gold coin of Mexico as an independent country. It is also noted as the first use on a coin of the Mexican eagle perched on a cactus devouring a snake or “profile eagle” (the current arms of Mexico). The roots of this symbolism date to before the founding of the Republic, in this case it was adapted to represent Mexico’s triumph over evil and the expulsion of European powers. A scarce and popular one year type that’s rarity can be largely attributed to production starting rather late in the year. A large portion of the 1823 mintage would have consisted of coinage under Augustine Iturbide. In fact, the authorization to strike the new republican coinage was not issued until August of 1823, and the new dies did not arrive until November 18 of that year. Soft central strike as is normal. Good luster. Finest graded at PCGS.
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MEXICO. 8 Escudos, 1823-MoJM. PCGS MS-61 Secure Holder.
The First Gold Coin of Independent Mexico
Fr-63; KM-382.2. RARE. Type 2 with looped tail and cap to "T". Struck shortly after the abdication and exile of the Emperor Iturbide, this type represents the first gold coin of Mexico as an independent country. It is also noted as the first use on a coin of the Mexican eagle perched on a cactus devouring a snake or “profile eagle” (the current arms of Mexico). The roots of this symbolism date to before the founding of the Republic, in this case it was adapted to represent Mexico’s triumph over evil and the expulsion of European powers. A scarce and popular one year type that’s rarity can be largely attributed to production starting rather late in the year. A large portion of the 1823 mintage would have consisted of coinage under Augustine Iturbide. In fact, the authorization to strike the new republican coinage was not issued until August of 1823, and the new dies did not arrive until November 18 of that year. Soft central strike as is normal. Good luster. Finest graded at PCGS.
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