MEXICO. "Hookneck" 8 Escudos, 1823-Mo JM. Mexico City Mint. NGC AU-58. Fr-63; KM-382.1; HO-type-1. One-year type; variety with cap pointed to A in LIBERTAD. A <strong>SCARCE </strong>and popular type, this representing the first gold coin of the newly founded Republic is always a collector favorite. The iconic imagery is instantly recognizable elevating its desirability and interest across generations of collectors. The strike is bold and even exhibiting signs of handling consistent for the grade with wear primarily contained to the high points and open areas, though the eagles breast is slightly flat as is commonly encountered on these heavily sought-after issues. This attractive representative displays a pale golden color with luster in the protected areas of the legends adding to its pleasing appearance. A type that is always in demand sure to excite many collectors for the chance to obtain one of Mexicos most important gold coins.<p><em>Struck shortly after the abdication and exile of the Emperor Iturbide. It is also noted as the first use on a coin of the Mexican eagle perched on a cactus devouring a snake or "profile eagle" (the current arms of Mexico). The roots of this symbolism date to before the founding of the Republic, in this case it was adapted to represent Mexicos triumph over evil and the expulsion of European powers.</em><p>
