Pattern 8-Reales, Mexico City, 1823, JM, struck in silver, obverse a regular hooked-neck eagle die, reverse with incuse legend on ribbon (Varon 7, Buttrey --), almost extremely fine and extremely rare

Details
Pattern 8-Reales, Mexico City, 1823, JM, struck in silver, obverse a regular hooked-neck eagle die, reverse with incuse legend on ribbon (Varon 7, Buttrey --), almost extremely fine and extremely rare

Lot Essay

The types are those of the first Republican 8-Reales, with an elaborate hooked-neck eagle and a reverse thick with rays. The reverse legend is cut incuse on a ribbon, a device that was not copied on the regular coinage. The Pattern is apparently unique and unpublished.