Mexico 1823-Mo JM 8 reales

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Goldberg sale 46, lot 1121
photo courtesy Ira & Larry Goldberg

This specimen was lot 1121 in Goldberg sale 46 (Beverly Hills, May 2008), where it sold for $16,000. The catalog description[1] noted, "Mexico - Republic. 8 Reales, 1823-Mo-JM (Mexico City). Flat-topped 3. Hooknecked-eagle, left, holding looped snake. Reverse: Liberty Cap, rays behind. Laurel leaf edge. Bold strike, with brilliant fields and somewhat matte devices. Among the finest known. Toned. First regular issue 8 Reales of the Mexican Republic. NGC graded MS-63."

With the fall of Iturbide and the establishment of the republic came a new design of eight reales. The "hook-neck," or sideways eagle style, was issued from Durango, Guanajuato and Mexico City 1823-25. Full strikes are scarce and uncirculated examples are rare. Many varieties exist.

Recorded mintage: unknown.

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

Catalog reference: WR-62; Eliz-179; KM-A376.2.

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.
  • Dunigan, Mike, and J. B. Parker, Resplandores: Cap and Ray 8 Reales of The Republic of Mexico, 1823-1897, Beverly Hills, CA: Superior Stamp & Coin, 1997.
  • Elizondo, Carlos A., Eight Reales and Pesos of the New World, San Antonio, TX: 1968.
  • Raymond, Wayte, The Silver Dollars of North and South America, 2nd Ed., Racine, WI: Whitman Publishing, 1964.

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