MEXICO. "Hookneck" 8 Reales, 1823-Mo JM. Mexico City Mint. NGC EF-45.
KM-A376.2; HO-MO4/MR4. Variety with standard edge and flat top 3 in date. Sensational quality for this first Republican date, and quite possibly the most desirable circulated 8 Reales from this famous and short-lived type. Not only is the strike at the top end of what is seen (displaying elusive strength within the Libertad on cap design and the eagle's feathers), but the surfaces are framed in astounding, vivid multicolored toning, which elevates the entirety of what it surrounds. Considering the depth of the green, red, orange, and yellow color on both sides, one would truly be hard-pressed to find a more captivating example of this type, no matter the grade.
Ex: Matthew Orsini Collection.
Ex: Superior Galleries (12/1989) Lot # 1038.
Estimate: $4000 - $6000