||Augustin I Iturbide gold 8 Escudos 1822 Mo-JM, KM313.2, AU Details - Mount Removed NGC. An attractively colored example of this single-year issue, this coin shows characteristic incompleteness of the central detail, bold peripheral lettering and few marks. Inspection of the edge reveals several charcoal-colored contact points where this piece was once mounted. A fascinating issue for the numismatic historian. This piece was struck after Augustin de Iturbide, a general and politician for the Mexican army, took control of Mexico City in 1821 and gained independence from Spanish control. Shortly after, Augustin was proclaimed President; in 1823, he became Emperor and his likeness was translated to coin. Unfortunately for Augustin, his reign was short-lived and in 1823, at the hands of Santa Anna and his military might, he agreed to abdication and exile in Europe. For collectors, Augustin's coinage is symbolic of the instability that Mexico was experiencing during the period just following independence. The fact that the present example has been previously mounted might suggest one-time proud ownership by one of his loyal citizens.
Realized $4,993.75. Description courtesy of Heritage Auctions.