Lot 1107
Mexico - War of Independence. Insurgent Coinage. Zitacuaro 8 Reales, 1811. Eliz-MX120; Wr-36; KM-207. 22.96 grams. Struck coinage, under the Supreme National Congress of America. Crowned eagle atop cactus cluster, the whole over a bridge. Reverse: Hand clasping bow and arrow, spear, arrow, quiver and sling below. Some double striking apparent in obverse legends, otherwise fabulous quality for this struck coin. Of the highest rarity.
NGC graded AU-55.
Besides the plentiful Morelos issues, particularly in base metal, other insurgent leaders "melted or minted their own coins." Notable for both their importance and variety are those issued by the Zitacuaro Junta. A "Supreme National Junta" was established at Zitacuaro, Michoacán, on August 19, 1811 - apparently not wholly under the auspices of Morelos, since their coins carry an inscription of appeasement: "FERDIN. VII. DEI. GRATIA." Of singular importance with these issues is that the Mexican national emblem of an eagle, perched on a cactus plant, appears for the first time.
Estimated Value $40,000 - 50,000.
Illustrated in Money of the World, coin 161.
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| Realized $63,250 |
