Mexico 8 Reales 1823 - I need your help

Göttinger

Dear collectors and enthusiasts,
I need your help about a 1823 Mexican 8 Reales coin - is it genuine, wich variety is it and also what it might be wort.
I found this coin here in Germany in a large collection of mostly junk silver coins. It was kind of expensive, 150€ (175 Dollars), but it caught my interest, so I took the risk.
If you need any further pictures or data, just let me know.
Thank you in advance and best regards,
Göttinger

TwoKopeiki

Looks to be a decent Iturbide 8 Reales. Die struck and i think i see the edge design overlap on the right of the edge image. Iturbide issues are scarcer and cost more than the Colonial Portrait 8 Reales from Mexico.

threefifty

Nice pickup! There is an interesting die clash as well.

I would only add that I have seen graded examples without cleaning or damage in the same approximate condition in the range of $600 - $900.

Crazy8s

Your coin is a "type V" Iturbide 8 Reales as stated by TwoKopeiki above. The Type V is the only variety that was made in 1823. Varieties 1 through 4 were only minted in 1822.

realeswatcher

Genuine. Iturbide 8R sell for crazy money now. Expensive is not the word I would use...

Göttinger

Thanks for your kind replies.
I was really surprized by the supposed high value - I've shown the coin to some collectors and dealers here in Germany and they tried to lowball pretty hard by offering around 50 - 60 Dollars, including shipping.....

threefifty

Wow, $60 sure is a lowball price. You can hardly get a holed common date Charles IV 8 reales for $60 on Ebay.

coinkat

You might consider submitting this one to either service depending on where you live, It is decent and looks to be either a VF35 or even 40 given the striking limitations for the issue. Take a real good look at the surfaces as the surfaces will play a significant role with the grade outcome, The obverse looks promising, but the reverse may limit the grade. Not just because of the weakness that may look to be excessive wear, but there is also some discoloration at various spots... especially at the eagle's head... which some graders may find distracting whereby the coin may not get the benefit in the event there is any doubt.

I would keep this one for now as you may not see a comparable example at a reasonable price anytime soon.