1793

MEXICO: Augustin I Iturbide, 1822-1823, AV 8 scudos proclamation (35.34g), 1823. EF

Currency:USD Category:Coins & Paper Money / Coins: Ancient Start Price:12,000.00 USD Estimated At:12,000.00 - 18,000.00 USD
MEXICO: Augustin I Iturbide, 1822-1823, AV 8 scudos proclamation (35.34g), 1823. EF
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MEXICO: Augustin I Iturbide, 1822-1823, AV 8 scudos proclamation (35.34g), 1823, Grove-11, 39mm AV proclamation medal for the Feast of the Proclamation on January 24, 1823 by J. Guerrero, uniformed bust right with "J. Guerrero f" below in italic script and AGUSTIN PRIMERO.EMPERADOR POR LA DIVINA PROVIDENCIA. around // crowned eagle on a cactus with head to right and laurel and palm wreath around with EN SU SOLEMNE PROCLAMACION LA CIUDAD D MEXICO around all and A 24 DE ENERO / DE 1823 in exergue, edge grains worn, lightly polished, numerous small pecks, perhaps used as a pendant, beautiful strike, exceedingly rare, EF, RRR. The only other specimen that we could locate was in the Numismatica Genevensis SA auction of December 2008, where the piece in approximately AU condition brought about $14,940. An extremely rare and desirable item. Agustin de Iturbide began his career as an officer in the Spanish army. As a general, he was charged with negotiating with the Mexican Insurgents. Won to the independence cause, he turned against Spain and was proclaimed emperor of Mexico on July 21, 1822. He organized immense festivities that began January 24, 1823. His initial popularity did not prevent him from being ousted the following March 19th. Exiled to Italy and then to London, he tried to return to Mexico in 1824. Immediately arrested, he was shot by the local authorities. His body was finally buried in 1838 in the cathedral of Mexico City with the title of "Liberator National." This piece is featured on the cover of this auction catalog.