Mexico - 8 Escudos 1862 - Gold

Purity/grade: 875.00 ‰
Weight: 27 g.
Diameter: 36 mm.
Mint: Guanajuato.
Nominal value: 8 Escudos.

Magnificent coin in its original condition. Rare in Europe.

Obverse:
Description: eagle standing on cactus to the left, slaying a snake, between two composite branches.
Lettering: REPUBLICA MEXICANA.
Translation: Mexican Republic.

Reverse:
Description: Dexter arm holding a pike, with a liberty cap above, in front of the book of the Law.
Lettering : LA LIBERTAD EN LA LEY/ * 8E. G°. 1832. M. J. 21 QS *.
Translation: Liberty in the law.

History:
The reign of Joseph Napoleon was the opportunity for Hispanic America to shake up the Spanish yoke and to revolt. The Mexican revolution started in 1810 and lasted until the proclamation of the Republic in 1823. With the Treaty of Guadeloupe, 2 May 1848, Mexico conceded Texas and California to the United States, which was nearly half of its territory. About thirty years later, General Porfirio Diaz, who campaigned on the liberal side against the French intervention in Mexico, came to power in 1876 and held it until 1911. During these 35 years of dictatorship, the country opened its doors to foreign capital, economy was modernised but social inequality got increasingly greater.