Triton XIX, Lot: 797. Estimate $1500. Sold for $1800. This amount does not include the buyer’s fee.

MEXICO, Primera República. 1823-1863. AR 8 Reales (39mm, 27.09 g, 6h). Estado de México (Tlalpan) mint. Dated 1829 EoMo LF. Eagle standing facing on cactus, wings spread, grasping snake in beak and right talon; all atop laurel and oak wreath / Liberty cap; glory of rays in background. Dunigan & Parker EoMo02; BW 206.6; Grove 2892; KM 377.5. EF, lightly toned. Rare mint.

In the early Republic, each of the Mexican states had the right to establish and derive income from a mint. The State of Mexico, not wanting to miss out on the profits afforded to the other states, established their mint at Tlalpan, a mere ten miles from the federal mint at Mexico City. Unfortunately, the establishment was not profitable, and operated at a loss from 1828 until its closing in 1830.