Lot 1115
Mexico - 8 Reales, 1822-Mo-JM (Mexico City). Buttrey-3B; Eliz-165; KM-308 (type III). 27.09 grams. Empire of Iturbide. Large head, long truncation; "AUGUSTINUS" type; value at upper edge. Bare head of General Augustine Iturbide right. Reverse: Crowned eagle atop cactus, value at 10 o'clock. Eyes of portrait and body of eagle showing some flatness. Obverse field very reflective, the reverse mostly so at the peripheries. Medium deep toning, emphasizing blues, violets, and coppers on the obverse, with pinkish grays on the reverse.
This is one of the finest known examples of this one-year type. NGC graded AU-58.
Iturbide was a military man. The conservatives in the new, independent Mexico wanted a royal from Europe to head the country. When no royal would accept the position, these same conservatives persuaded Iturbide to become Emperor. He ruled the nation as if his citizens were soldiers. He imprisoned those who disagreed with him. Democratic principles were alien to him. The people wouldn't accept his autocratic methods and he was forced to abdicate and leave Mexico.
Estimated Value $6,000 - 7,000.
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| Realized $6,900 |
