Mexico 1822-Mo JM 8 scudos

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photo courtesy Ira & Larry Goldberg
photo courtesy Ira & Larry Goldberg
Eliasberg lot 3251
Mexico 1822Mo 8 escudos rev Eliasberg 3251.jpg

The first specimen was lot 1113 in Goldberg sale 46 (Beverly Hills, May 2008), where it sold for $25,000. The catalog description[1] noted, "Mexico - 8 Escudos, 1822-Mo-JM (Mexico City). Empire of Iturbide. First portrait type. Bare head of General Augustine Iturbide right. Reverse: Crowned eagle atop cactus, Aztec arms around. Weakness at eagle, otherwise excellent strike for series. A few light marks. Very lustrous, with reflective fields. Very rare, particularly in this grade. One of the finest known examples. NGC graded MS-62."

The second specimen was lot 3251 in the Eliasberg sale, where it sold for $20,700. The catalog description[2] noted,
"1822 JM 8 escudos. Mexico City mint. MS-62 (NGC). Bust of Augustin Iturbide as Emperor to right, legends, mintmark, date around/crowned standing eagle on cactus, wings spread, legends around. Bright and lustrous reflective medium gold, some central reverse planchet adjustment marks on the eagle's tail, a few light hairlines on both sides, tiny rim nick at the base of the reverse. Among the finest known specimens of this famous and avidly-sought issue, a coin that is marvelous to examine and deserves just about any superlative someone would care to lavish upon it. Nicely struck, with a bold portrait and far more detail on the eagle than usually seen. The only year of this type and popularly collected as the last issue by colonial enthusiasts and the first issue by Republic collectors though it belongs in a category by itself. Simply superb. From the John H. Clapp Collection; Clapp estate to Louis E. Eliasberg, Sr., 1942."

All gold coinage of Iturbide is rare and expensive. This type is priced lower than KM 313.2 of 1822 but higher than KM 314 of 1823.

Recorded mintage: unknown.

Specification: 27.07 g, .875 fine gold, the Goldberg specimen was26.99 grams; the Eliasberg specimen was 27.01 grams, 36.80 mm diameter.

Catalog reference: Fr-59, Calico Onza-1778, Cr-188; KM 313.1.

Source:

  • [1]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.
  • [2]Kraljevich, John, John Pack, Elizabeth O. Piper and Frank Van Valen, The Louis E. Eliasberg, Sr., Collection of World Gold Coins and Medals, Wolfboro, NH: American Numismatic Rarities, 2005.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 7th ed., Clifton, NJ: Coin and Currency Institute, 2003.

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