Mexico 1822-Mo JM 8 reales KM 306

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Goldberg sale 46, lot 1114
photo courtesy Ira & Larry Goldberg
This specimen was lot 1114 in Goldberg sale 46 (Beverly Hills, May 2008), where it sold for $7,500. The catalog description noted,
"Mexico. 8 Reales, 1822-Mo-JM (Mexico City). Empire of Iturbide Large head, 'AUGUST' type; value at upper edge. Bare head of General Augustine Iturbide right. Reverse: Crowned eagle atop cactus, value at 10 o'clock. Superior strike, the devices softly lustrous on reflective fields. Handling marks generally small, and thinly dispersed. NGC graded MS-61. "Augustin Iturbide was a man of his times, with certian beliefs and biases which led to his undoing. Originally a soldier of Spain, he fought first against the rebels, but later joined their cause. A man of principles, he believed in the righteousness of the revoulution, but he also tried to deal with the Spaniards with honor. He promised the departing Spaniards equal value in gold for their landholdings. This 'honorable' settlement essentially bankrupted the new independent Mexico."

This type is among the more common varieties of Iturbide eight reales but like the rest, rare fully struck and in nice condition.

Recorded mintage: unknown.

Specification: 27.07 g, .903 fine silver, .786 troy oz ASW, this specimen: 27.01 grams.

Catalog reference: Buttrey-2B; Eliz-164; KM-306.2 (type I).

Source:

  • Goldberg, Ira, and Larry Goldberg, Goldberg Sale 46: the Millenia Collection, Beverly Hills, CA: Ira and Larry Goldberg Auctioneers, 2008.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • Elizondo, Carlos A., Eight Reales and Pesos of the New World, San Antonio, TX: 1968.

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