Mexico declared Independence from Spain

Mexico first declared Independence from Spain in 1810. To clarify, this happened on September 16th, 1810. Before then this area was more commonly referred to as New Spain. The declaration of Independence led to a 11 year war against Spain. Unfortunately, it wasn’t until August 24, 1821 that Spain finally recognized Mexico’s Independence.

This was the dawn of the once New Spain turning into the new Mexican Empire. Gone were the days of the Spanish Catholic monarchy. A new federal republic was finally declare and by 1924 they codified Mexico’s new Constitution. It is important to note, there were some reattempts by Spain to re-concur New Spain. However, by 1836 Isabella II and Spain finally fully recognized Mexico’s independence.

Mexico’s First Republic 8 Escudo

The Hand on Book gold 8 Escudo from Mexico became Mexico’s First Republic 8 Escudo. Many of these issues come softly struck and hundreds of years later aren’t in very good condition. However, below is an example of a stunning Mint State 63 Hand on Book gold 8 Escudo from Mexico. It is fully detailed and centered dripping with original mint luster.

The design is one of our favorites when it comes to world coins. Once Mexico declared Independence from Spain they decided to create a new look. The reverse of this coins depicts the seal of Mexico. This same seal adorns the Mexican flag. It shows an eagle on a cactus holding a snake in its talons. The obverse of the coin shows a hand holding a pole with a cap on the top. The hand is about to write into the book of law.

This beautiful coin was graded Mint State 63 by NGC. What is most important, is that it was struck in Mexico City. It is difficult to find coins with such attractive eye appeal and truly proof like surfaces. Only 22 of these coins have been certified in all grades combined and this is one of only three in Mint State 63 with none known finer.

Containing over $1400 worth of gold alone, we feel high end examples of this series are overlooked and undervalued. This is why Mexico’s First Republic 8 Escudo like this is so highly recommended. Above all, this is the finest coin we have seen from this series from 1823-1873.

Gold Cobs are The Original Doubloons

Spanish Colonial gold coins salvaged from the 1715 Fleet off the east coast of Florida are called Gold Cobs. Gold Cobs are the original Doubloons. Therefore, the Doubloon is a solid gold coin. Even though the Spanish called their gold coins Escudos, Doubloon became the nickname for a two Escudo coin. In addition, the word Doubloon is actually taken from pirates calling these two Escudos “double-one,” which turned into “Doubloon.”

As commerce increased between North America and South America so did the need for coins. Spanish Gold Cobs were minted from the early 1600s to the early 1800s. They were minted in Bolivia, Chile, Columbia, Guatemala, Mexico, and Peru and were circulated as far north as Canada. Pirates sought after these Gold Cobs. Because, Gold Cobs are The Original Doubloons. In fact, they would attack and sink Spanish Colony ships just to get their gold. As a result, coins circulating freely during the colonial period of the New World, became easy targets.

1718 Peruvian 8 Escudo

Check out this absolutely remarkable gold coin in the video below. It’s a Peruvian gold 8 Escudo that was struck in Lima Peru in 1718. Additionally, it is one of only 4 coins like this certified by NGC in all grades combined. Above all, it is the finest known and certified in Mint State. This coin contains just about an ounce of pure Spanish gold.

The obverse shows the pillars of Hercules with ocean waves below it and a tick-tac-toe imagery of letters and numbers signifying when and where the coins was made. This 1718 Peruvian 8 Escudo has a Jerusalem Cross on the reverse with castles and lions in the four corners. Coins like this are extremely desirable for collectors and investors. This is one of the finest we have ever seen.

If you are interested in finding out more about this coins and others like it check out this page or call and talk to a Rare Coins Advisor at Austin Rare Coins at 1-800-928-6468.