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First Mexican Empire. Augustin I Iturbide, 1822-1823

From Stack's March 2006 Auction, Session 1 on Mar 7, 2006

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Categories  •  Stack's March 2006 World Coins World Gold Coins North and South America Mexico

First Mexican Empire. Augustin I Iturbide, 1822-1823. 8 Escudos, 1822 M J. Slender bust r., title...First Mexican Empire. Augustin I Iturbide, 1822-1823. 8 Escudos, 1822 M J. Slender bust r., title Augustin by God's Providence. Rv. Crowned eagle on Nopal cactus with flourish of Aztec weapons but no snake, First Constitutional Emperor of Mexico. Fr.59, KM 313.1.

Iturbide was a Mexican-born Royalist officer who led Spanish forces to rout the Mexican insurgents. Near the end of the campaign, he was joined by Revolutionary General Vicente Guererro in formulating the Plan of Iguala and establishing the Army of the Three Guarantees (Liberty, Union, Independence). The Mexican Congress proclaimed Iturbide the first Emperor of independent Mexico. Faced with mounting political opposition and financial dislocation, he abdicated in 1823. Returning unaware that he had been outlawed, the Liberator was captured and shot at Soto la Marina. His coins are a vital record of a colorful if bloody era.

Brightly reflective medium gold surfaces complement a forceful strike. Faint hairlines can be found with a exceedingly small edge bruise at 6:00. Both bust and eagle display substantially greater lustre than usually seen, the reverse center showing very light adjustment marks on the eagle's tail. Brilliant Uncirculated, close to the Choice category. (Est. $10,000-$15,000)

Ex Louis E. Eliasberg Collection (American Numismatic Rarities, April 2005, lot 3251); previously in the John H. Clapp Collection.

Lot # 924 Session 1
Hammer Price: $17,000.00

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