1812 Mexico Oaxaca 2R PCGS VF Detail KM-226.1

Historical Context

This coin was minted during the Mexican War of Independence (1810–1821), a period marked by significant political and social upheaval. The Oaxaca Mint was established to produce coins for the insurgent forces, aiding in their efforts to fund the revolutionary cause.

• Minting Under Insurgent Rule:
  • The Oaxaca Mint is one of several mints that sprang up in the early 19th century to support the independence movement.
  • Coins from this mint served not only as currency but also as a means of promoting the revolutionary ideals of freedom and independence.
• José María Morelos:
  • After the execution of Miguel Hidalgo, Morelos took the reins of the independence movement and established these mints. The Oaxaca Mint produced coins featuring symbols of patriotism and independence.
  • These coins are often described as crude yet powerful symbols of the struggle for Mexican sovereignty.

Design Characteristics

• Obverse:
  • Features a liberty cap, a classic symbol of freedom.
  • Inscribed with slogans like “LIBERTAD” (Freedom) to promote the cause of the insurgents.
• Reverse:
  • Typically shows a nationalistic motif, possibly an eagle or a symbolic figure, surrounded by a wreath.
  • Inscriptions on the reverse usually include the date of minting and a reference to the revolutionary government issuing the coin.

Grade and Condition

• VF Detail (Genuine – Environment Damage):
  • The coin is in very fine condition with moderate wear across the surface.
  • Environmental damage, such as scratches, toning, and minor corrosion, is evident and impacts the overall appeal and value.
  • The “Genuine” designation confirms the authenticity of the coin, but the noted environmental damage significantly detracts from its grade and marketability.

Rarity and Collectability

• Scarcity:
  • Coins from the Oaxaca Mint are rare due to their limited production during a turbulent period in Mexico’s history. Many of these coins were either lost or melted down.
  • The presence of environmental damage adds to the rarity, as few pieces have survived without significant flaws.
• Historical Value:
  • These coins are highly valued for their historical significance, linking collectors to the Mexican War of Independence.
  • The “environmental damage” designation affects the coin’s market value, but it still remains a treasured item for numismatists due to its connection to Mexico’s struggle for independence.

Care and Preservation

• Storage:
  • Store the coin in its PCGS holder to protect it from further damage

Significance

The 1812 Mexico Oaxaca 2 Reales is more than just a coin; it is a historical artifact that embodies the struggles and aspirations of the Mexican people during a pivotal moment in their history.