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Restored Republic of Mexico
½ Escudo
Gold Coin
墨西哥復辟共和國
½埃斯庫多
金幣
Item number: A4644
Reference number: KM#378
Year: AD 1867
Material: Gold (.875)
Size: 12.5 x 12.5 mm
Weight: 1.6900 g recorded
Manufactured by: Culiacan Mint
Provenance: Fuchin Coin 2025
This specimen represents a half-escudo gold coin minted by the Restored Republic of Mexico in AD 1867.
The centre of the coin’s obverse features the Mexican coat of arms, depicting an eagle holding a snake in its beak, perched upon a prickly pear cactus growing from a rock in the middle of a lake. This coat of arms is derived from Aztec mythology, wherein the rock described corresponds to the original site of Tenochtitlan, which is present-day Mexico City. The oak and laurel branches below symbolise victory in Greco-Roman mythology and are consequently frequently employed as symbols of republicanism. Circumscribed above is the Spanish inscription ‘REPUBLICA MEXICANA’, representing the official name of the Restored Republic of Mexico, the ‘Mexican Republic’. The edges of both the obverse and reverse of the coin are encircled by fine denticles.
The centre of the reverse features an open book, upon whose pages the word ‘LEY’—Spanish for ‘Law’—is faintly discernible. To the right, a hand holds a staff topped with a Phrygian cap; this headgear originated from the manumitted slaves of ancient Rome and became a symbol of liberty and liberation following the French Revolution. Circumscribed above is the inscription ‘LA LIBERTAD EN LA LEY’, which translates to ‘Liberty under the Law’. Encircled below is the mint mark and assayers’ initials reading ‘*4E•Mo•1865•C•H•21Qs.’, in which ‘4E’ denotes the denomination of four escudos, ‘Mo’ represents the mint mark of the Mexico City Mint (Casa de Moneda de México), ‘1865’ indicates the year of mintage (AD 1865), ‘C•H’ presumably stands for the assayers’ initials, and ‘21Qs’ signifies ‘21 karats’, equivalent to a gold purity of 87.5 per cent.
Benito Juárez was born in AD 1806 into an impoverished indigenous Zapotec peasant family in Oaxaca, southern Mexico, and was orphaned at an early age. After overcoming numerous adversities, he studied law and entered politics in AD 1831. He served successively as a municipal councillor of Oaxaca and a state legislator, before being elected Governor of Oaxaca in AD 1847. Deeply revered for his administrative integrity, competence, and profound devotion to the lower classes, he was hailed by most Mexicans as the ‘Lincoln of Mexico’. In AD 1853, the dictator Santa Anna, having regained power, ordered his arrest and exile to the United States. However, Juárez returned to his homeland in AD 1855 to participate in the uprising that successfully overthrew the conservative dictatorship. He subsequently served as the Minister of Justice in the provisional government, enacting the ‘Ley Juárez’ (Juárez Law), which abolished the legal privileges of military officers and the clergy. During the ensuing, brutal Reform War (AD 1858–1860), he emerged as the core leader of the liberals, concurrently serving as the Chief Justice of the Supreme Court and the provisional president, leading indigenous peasants and mestizos to defeat the conservatives. He officially assumed the presidency in AD 1861, immediately confronting the grim reality of a tripartite armed invasion by Great Britain, France, and Spain, alongside French efforts to install Maximilian to establish the Second Empire. In AD 1863, although the Second Federal Republic of Mexico was defeated, resistance continued unabated. The imperial regime was successfully overthrown in AD 1867, and Juárez continued to advance liberal reforms until his death in office on 18 July AD 1872. Due to his steadfast defence against foreign intervention, Juárez subsequently became a revered Mexican national hero.
In AD 1867, following the withdrawal of French forces and the execution of Emperor Maximilian, the Second Empire collapsed, and Mexican history officially entered the period of the Restored Republic, led sequentially by the liberal leader Benito Juárez and subsequently by Sebastián Lerdo de Tejada, thereby embarking on a grueling national reconstruction. Throughout this decade, the republican government attempted to fully implement the Constitution of 1857 and the Reform Laws, enforcing the separation of church and state, confiscating vast ecclesiastical properties, and establishing a secular education system independent of Catholic Church control, in anticipation of transforming the state into a modern, liberal, rule-of-law society; in terms of the economy and infrastructure, this period witnessed concrete breakthroughs, as not only did the first major railway connecting Mexico City with the primary port of Veracruz officially open to traffic in AD 1873, greatly facilitating inland commodities and foreign trade, but the modernization reform of the monetary system was also solidified at this time, with the government successfully implementing a unified decimal currency system, discontinuing the minting of old-regime gold and silver coins inherited from the colonial era, and transitioning to the issuance of the new republican peso bearing the design of the scales of justice and a legal scroll. However, despite laying the institutional and economic foundations of a embryonic modern state, the government of the Restored Republic continuously faced the predicament of regional warlordism and extreme central fiscal insolvency, whilst internal divisions among the liberals driven by power struggles, coupled with land reforms that inadvertently divested indigenous populations of their communal lands essential for subsistence, further exacerbated armed unrest within the lower strata of society, meaning that this transitional phase, which sought to balance liberal democracy with structural reconstruction, ultimately failed to achieve long-term stability and peace; following the coup d’état launched by General Porfirio Díaz in AD 1876, the Restored Republic was brought to an end amidst the flames of the Plan of Tuxtepec, and the nation subsequently slid into the thirty-year centralized autocratic rule of the Porfiriato.
銀幣背面中央為翻開的書,書頁上隱約可見「LEY」,即西文中的「法律」。右側手持棍上撐著一頂弗里吉亞帽,該服飾源於古羅馬時期的解放奴隸,於法國大革命後,該帽成為自由與解放的象徵。周圍上方環列「LA LIBERTAD EN LA LEY」,可譯為「法治下的自由」;下方環列「*½E•C•1867•C•H•21Qs.」,其中「½E」為面額「半埃斯庫多」(½ escudo),「C」為庫利亞坎造幣廠的鑄幣標記,「1867」為鑄造年,「C•E」為驗金師克萊門特·埃斯皮諾薩·德·洛斯·蒙特羅斯(Clemente Espinosa de los Monteros)的姓名縮寫,「21Qs」即為「21K」,相當於含金量87.5%。
Thomas Michael, George S. Cuhaj, Standard Catalog of World Gold Coins, 1601-Present 6th Edition. Iola: Krause Publications, 2009. (KM#)
The history of coins and banknotes in México, Banco de México https://www.banxico.org.mx/banknotes-and-coins/d/%7BB8C0D87B-F55F-792A-A6C6-FC0F58CF2EA3%7D.pdf
Porfiriato – Mexican history, Britannica https://www.britannica.com/topic/Porfiriato