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1 Real - Agustín I Proclamation coinage
| Issuer | Nicaragua |
|---|---|
| Year | 1822 |
| Type | Non-circulating coin |
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| Obverse description | Bare-headed bust of Agustín I, Emperor of Mexico, facing left, rendered in moderate relief with naturalistic detail to the hair and neckline. The circumferential legend reads AGUST • 1 • EMP • DE MEXICO •, with the date 1822 positioned in the exergue at the base of the portrait. The entire design is enclosed within a rope or chain border characteristic of this proclamation issue. |
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| Reverse description | Central oval cartouche enclosing a volcanic mountain rising from water, emblematic of the Nicaraguan landscape, surrounded by a floral and foliate wreath with blossoms at the cardinal points. The circumferential legend, reading PROCLAM • EN LEON DE NICAR • A • 2 • DE LA INDEP •, commemorates the proclamation of independence in León, Nicaragua, in the second year of independence. The entire design is framed by a rope border matching the obverse. |
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| Additional information |
This piece belongs to a category of proclamation coinage struck across Central America in 1822 to mark the accession of Agustín de Iturbide as Emperor of Mexico — a political event that briefly brought the former captaincy-general of Guatemala, including Nicaragua, under the Mexican Empire. The coins were not intended for circulation but as commemorative distributions at official proclamation ceremonies.
Iturbide's empire collapsed by March 1823, making the entire episode — and any coinage tied to it — historically short-lived. Grove's census of surviving proclamation pieces suggests the Nicaraguan strikes are among the rarer provincial issues from this moment.