$2,340.00 USD
The 1830/29-Mo JM 1 Escudo, known as the "Hand on Book" type, is a historically significant coin from early independent Mexico, minted in Mexico City. This period was marked by political instability following Mexico’s independence from Spain in 1821. The young republic faced internal struggles over governance, with conflicts between centralists and federalists shaping its early years. The overdate (1830/29) suggests that some 1829 dies were repurposed for 1830, a practice often seen in mints where resources were limited or demand fluctuated.
The obverse of the coin features the symbolic image of a hand resting on an open book, which represents the Constitution of Mexico. Above the book is a Phrygian cap, a well-known emblem of liberty and republicanism, signifying the ideals of the new nation. The design reflects Mexico’s commitment to constitutional government, a key issue of the time as political factions debated the structure of the republic.
The reverse displays the national coat of arms, featuring an eagle perched on a cactus with a serpent in its beak, a symbol rooted in Aztec mythology and adopted as the emblem of Mexico. The inscription around the edge indicates the coin’s value as one escudo, along with the mintmark "Mo" for Mexico City and the assayer’s initials "JM."
This gold escudo was part of Mexico’s early efforts to establish a stable monetary system. Its issuance during a time of economic and political uncertainty makes it an important piece of numismatic and national history. The AU58 grade indicates it has seen limited circulation, retaining much of its original detail. The "Hand on Book" motif is particularly notable for its strong association with the ideals of law, liberty, and the Mexican Republic’s foundational principles.
