The value of a Spanish 8 Reales coin can vary significantly depending on several factors including:
- Mint and year: 8 Reales coins were minted in various locations throughout the Spanish Empire (e.g., Mexico City, Lima, Seville) over a long period. Different mints and dates have varying levels of rarity and demand among collectors.
- Condition: The physical state of the coin (e.g., heavily worn, chopmarked, or well-preserved) plays a major role in its value. Coins with higher grades (e.g., Very Fine, Extremely Fine, or Uncirculated) command higher prices.
- Chopmarks: These marks were added by merchants in the Orient to verify the silver content of the coins, [according to APMEX] . While they indicate the coin’s historical circulation, their presence may affect the value depending on their prominence and the collector’s preference.
- Shipwreck provenance: Coins recovered from shipwrecks often carry a premium due to their unique history and the allure of treasure.
- Rarity: Certain mints, dates, or varieties of 8 Reales coins are rarer than others, driving their value upwards. For instance, the 1782 Mexico 8 Reales coin was previously unknown until the El Cazador shipwreck revealed their existence, [according to a YouTube video].
To give you a general idea, here are some examples of Spanish 8 Reales coin values based on recent market information:
- [Heavily chopmarked Spanish Colonial Silver 8 Reales (0.79 oz)]: Around $260.41 USD.
- [Concepcion 8 Reales NGC Grade Fine Details (Sea salvaged, 1641 shipwreck)]: Around $1100 USD.
- Extremely Rare Spanish Colonial Silver 8 Reales Mexico Mo-a Over F (17th Century): Around $1299 USD.
- [Mexico Silver 8 Reales Cap & Rays (Chopmark, ASW .7859 oz)]: $99.99 USD.
- [1732-1771 Mexico Silver 8 Reales “Pillar Dollar” Cull]: $399.99 USD.
- [1715 FULL DATE Cob 8 Reales Mexico Mo J Incredible Full 4-digits PCGS VF]: $3,650.00 USD.
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Spanish Colonial Silver 8 Reales Heavily Chopmarked Coin $260.41]
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Concepcion 8 Reales NGC Grade Fine Details]
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Mexico Silver 8 Reales Cap & Rays BU ASW .7859 oz Coin $156.24]
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1732-1771 Mexico Silver 8 Reales “Pillar ” Cull Coin, 0.8 oz | APMEX $416.66]
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1715 Full Date Cob 8 Reales Mexico Mo J Incredible Full 4-digits Pcgs $3,650.00]
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Note: The average price of a Silver coin 8 Reales 1773 with mark S CF is 590 USD, [according to Coinstrail] . However, prices fluctuate based on market demand and supply, and the exact value will depend on the individual coin’s characteristics. For the most accurate valuation, it is recommended to consult with a reputable coin dealer or numismatic expert.
How much silver is in a Spanish 8 reales?
The dollar of 8 reales nacionales reduced in 1728 to 8+1⁄2 dollars to a mark, 11⁄12 (22 karat or 0.9167 fineness, which is 24.809 grams or 0.7976 troy ounces fine silver)
Which Spanish coins are valuable?
Valuable spanish coins
Gold Spanish coins, like pesetas and escudos, were prized for their intricate engravings and symbols, symbolizing Spain’s prominence during the Age of Exploration.
What is the 8 Spanish Reales coin?
I can help with that. The 8 reales coin is the predecessor to the American dollar. Before the United States Mint was in production, columnarios circulated, along with other coinage, in the US colonies, as legal tender until the middle of the 19th century. Prior to the columnario, Spanish coins were hammer struck.
How can you tell if a Spanish coin is real?
Thanks for asking. Metal Composition: Authentic cobs were made from precious metals, primarily silver and gold. Their composition should match historical standards. Design Elements: Look for specific symbols such as the cross, royal coat of arms, and the mintmark, which indicate the coin’s place of origin and authenticity.