Watch List notes:

MEXICO, Primera República. 1823-1863. AV 4 Escudos (31mm, 13.50 g, 12h). Ciudad de México (Mexico City) mint. Dated 1825 Mo JM. Eagle standing facing on cactus, head right, holding serpent in talons and beak; all within wreath / Hand left, pointing to inscribed book and holding liberty cap on pole. KM 381.6; Friedberg 87. VF, hairlines.

Ex Rauch 55 (16 October 1995), lot 1839 (part of).