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8 Reales - Agustín I
| Issuer | Mexican Imperial Mint (Mexico City) |
|---|---|
| Year | 1822-1823 |
| Type | Standard circulation coin |
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| Reverse description | A crowned Mexican eagle, displayed with wings spread, perches upon a rocky outcrop above a semicircular base. The eagle faces right and holds a serpent in its beak, evoking the ancient Aztec symbol adopted by the new empire. The denomination mark 8R and assayer initials J·M appear at the base of the design, while the circular Latin legend encircles the entire composition within a toothed border. |
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| Edge | Geometric pattern |
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| Additional information |
Agustín de Iturbide had been emperor for less than a year when these coins were struck, and his financial position was already untenable. The new imperial government inherited a treasury gutted by eleven years of independence war and faced a Congress that refused to fund the crown adequately. Iturbide dissolved that Congress in October 1822, a move that accelerated his downfall.
He abdicated in March 1823. The entire reign produced just two years of coinage, and pieces dated 1823 are considerably scarcer — the mint had largely stopped caring about the emperor by the time the dies were in use.