MEXICO. Empire of Iturbide. 8 Escudos, 1822-MoJM. NGC MS-62.
Fr-59; KM-313.1. Type with proper spelling of "AUGUSTINUS". Tied for second finest certified with one finer. Augustin I Iturbide was proclaimed Emperor of Mexico shortly after the War of Independence. This was confirmed by the congress of May 19, 1822. On June 21st 1822 he was crowned as Augustin I in the cathedral of the capital. He ruled for less than a year at which point he was forced to abdicate the throne on March 19th of 1823. The 8 Escudos was the only gold denomination minted in 1822. It was not until 1823 that the subsidiary 4 Escudos was introduced. Historically significant, as this coin represents the first gold coin of Mexico post Spanish rule. A very attractive high grade example with good luster and excellent eye appeal. VERY RARE in high grade, especially so in mint state. NGC MS-62.
Estimate: $20000.00- $25000.00