Owner Comments:
This is another rarity in the 2 escudos series from Mexico. In fact, incredibly rare. At the time of purchase (May 2018) NGC has graded 2 coins, both VF, and PCGS has graded none. Therefore Top Pop.
In his book, Richard Long wrote "the 1831 is an extremely rare coin. We know of just two examples". Apparently the 1831 was not known to early cataloguers and "it first appeared in the 4th edition of Buttrey-Hubbard in 1986". So rare, that Mr Long does not include a sale's chart.
From the sale’s catalogue: "MEXICO. 2 Escudos, 1831-MoJM. NGC VF-35. EXTREMELY RARE date, this cataloger only knows of one other example. Even wear and defect free, a very presentable example on this date. From our January, 2011 sale, lot # 139 where it hammered at $1800 (+BP 2124)." In 2011 it was catalogues as “MEXICO. 2 Escudos, 1831-MoJM. Fr-87; KM-380.7. EXTREMELY RARE date, only 2 known examples. FINE.”
Specification: 6.77 g, .875 fine gold, .190 troy oz AGW.
Catalogue reference: Fr-87; KM-380.7.